Teresa is aged 42, married, and blessed with five children. She has been in the hog-raising business for almost twenty-five years and earns a net income of 3,000 PHP per hog. She also operates a food production business to generate more income. Her profits were spent on their food allowances and electric bill.
Due to lack of capital to continue her business, she decided to request a loan amounting to 25,000 PHP to purchase hog feed and hogs to raise. She's hoping that her business will continue improving and earning more income.
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.