Marissa is 37 years old, married and has two school-aged children. She and her husband aim to improve their status of living in order to educate their children. Due to the high cost of commodities and school fees, Marissa engages in a hog-raising business to generate additional income. She aims to improve and strengthen this business, but she has inadequate capital. Marissa opted to request additional capital amounting to 20,000 PHP (Philippines pesos) to buy feed, vitamins and vaccines needed for hog-raising. She believes that this financial assistance will enable her to make an improvement in the business.
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.