Jovelyn is engaged in a hog-raising business. She started with only one piglet that she raised as a sow for breeding. Every time her sow gives birth, she separates five heads to raise for fattening and sale when in times of financial crisis. Jovelyn has been seven years in this business.
Jovelyn wishes for a loan of PHP 31,000 to buy feed for the maintenance of her hogs. She hopes to prosper with the business she has now and be able to give a comfortable living to her three children.
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.