Belinda, age 43, is married and they are blessed with four children. She has managed a hog raising business for almost four years. With this business she's earning a net income of PHP 4,000 for each hog that she sells. Belinda also sells food for additional income. Due to insufficient funds she would like to borrow PHP 23,000 to purchase hog feed and hogs to raise. She's hoping that her requested loan will be granted so that her business will become more progressive.
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.