Lucita, 45 years of age, is married to a farmer, and they are blessed with five children.
She has managed a hog-raising business for almost 10 years. When she sells a hog, she has a net income of PHP 3,000.
Due to lack of capital, she decided to request a loan from generous lenders amounting to PHP 14,000 to purchase hog feeds for her pigs. She's hoping that her requested loan will be granted so that her business will continue to grow and develop.
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.