Josephine is 44 years old and married with three children. To support her husband in making a living, she has opted to engage in a hog-raising business. With this activity, she typically generates an income of PHP 1,500 per hog. Since Josephine wants to further grow her business, she is requesting a loan of PHP 12,000. She will use the amount to buy feed and vitamins for her raised hog.
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.