Being a responsible mother and wife, Josephine engages in a hog-raising business to supplement her husband’s income. She is 59 years old and has three grown children. They live happily in a rural community and make their living through farming and raising hogs. Josephine plans to raise more pigs to sell, but, due to inadequate capital, she wants to obtain a loan of 30,000 PHP. If the loan is granted, she intends to buy hog feed, vitamins, and additional pigs to raise. Through hard work and strong determination, Josephine believes that she will be able to improve the business and make it more profitable someday.
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.