Lorefel is a responsible housewife who supports her husband in generating income to satisfy their needs and give their family a better life. They are currently residing in a rural community and they live through farming. They cultivate their farm land by planting vegetables and root crops for sale. Aside from this, Lorefel engages in raising ducks for sale. She aimed to acquire more ducks to raise but she has insufficient capital. For this reason, she is asking for a loan of PHP 30,000 to buy feed and additional ducks to raise. She is hoping that someday she will be able to improve the business through this financial assistance.
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.