Benida is 51 years old and has four school-aged children. She and her husband aim to improve their living conditions in order to continue sending their children to school. In this regard, Benida engages in the hog-raising business to generate income. Due to the high cost of commodities and school fees, she planned to acquire more piglets to raise, but she has inadequate capital. For this reason, she is asking for additional capital of PHP 35,000 to buy feed, vitamins and additional piglets to raise. She believes that her loan will be granted in order to make her business grow.
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.