Leticia is an industrious mother who supported her husband in generating income. She is 59 years old and is blessed with three children. Due to financial difficulty, she has engaged herself in a hog-raising business to generate additional income. She planned to raise more pigs to sell, but she has does not have enough capital. For this reason, she is asking for a loan of PHP15,000 to buy hog feed, vitamins, vaccines and additional pigs to raise. She believes that her loan will be granted in order to improve the business and make a viable source of income.
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.