Normaliza owns a retail store and raises hogs for sale. She is 38 years of age, married and blessed with two children who currently attend school. Normaliza's income from her retail store goes toward their daily consumption and allowances for her two children.
Normaliza wants to maintain her hog raising business, but due to insufficient funds, she is requesting a loan of PHP 40,000 (Philippine pesos). She will use this loan in purchasing hog feed and medicine to nourish her hogs with proper nutrition for reaching their optimum growth.
Normaliza is hoping for approval of her requested loan amount so she can secure her family’s future and be able to let her two children finish their studies.
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.