Teresita is a hard-working mother, who is engaged in a hog-raising business to earn income. She is 56 years old and has three adult-aged children. She is now a widow, who lives with one of her children.
She planned to raise more pigs to sell, but she did not have enough capital. In this regard, she is asking for additional capital of PHP 5,000, in the form of a loan. She will use it to buy feed, vitamins, and additional piglets to raise. Through patience and hard work, she believes that she will grow and improve the business in the future.
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.