Farming is the main source of income for Evangelista's family. She is 46 years old and is married with three children who she is sending to school. Evangelista’s children are in high-school. She has to work hard and find other sources of income to be able to bestow on her children what they need for school, especially as they are about to take up a college level of education.
Evangelista also engages herself in a hog-raising business, primarily hogs for breeding. Evangelista shares that when she gains profit from farming, she prioritizes her children's school allowances. Since she has a shortage in having feed for her hogs, Evangelista decided to borrow a loan of PHP 25,000 to buy feed to maintain her hogs. She hopes to grow her hogs faster and to sustain their immediate needs.
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.