Marina, 43 years old, has been blessed with three children. She manages a livestock business, and she has raised hogs for almost 10 years. From this business she earns a net income of PHP 1,300 for every hog that she sells.
She requested a loan amounting to PHP 10,000, which she will use to purchase hog feed and pigs to raise. Her income is always spent on the expenses of her children in school. She is hoping that her requested loan will be granted, so that she will be able to gain more income in her business.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.