Grace has engaged herself in a hog fattening business. She is 49 years old and has been blessed with four children. With profits of her business, she sent her children to school. Within ten years of beginning to operate her business, she is earning an average amount of PHP 6,000 every selling time. Nonetheless, she earns not enough to provide for all their needs. Thus, Grace is requesting a loan in the amount of PHP 20,000, which she will use to buy two more hogs, feed and medicine. She hopes to earn higher-than-expected income, for the improvement of their living conditions, and to save for future uses, as well.
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.