Rebecca has run her hog raising business for more than ten years. She is thankful because with her previous loan she was able to supply her hogs with proper nutrition which makes her hogs healthier. With her increased income, she was able to cover all of her household expenditures and pay back her previous loan from lenders.
Rebecca plans to buy stock of livestock feed, vitamins and vaccines but she struggles for shortage of capital due to the large number of hogs she raises. For these reasons, she is asking for a loan of PHP 35,000. She hopes that lenders will approve her requested loan so she can make her livestock business a stable source of income and improve her living conditions.
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.