Mary Jane is 38 years old and married. Her husband is a welder. Mary Jane manages a hog raising business, which she has been doing for 15 years. She earns a net income of 3,500 PHP per hog. Her profits are used for their food expenses and capital for her direct selling business, which she operates to earn additional income.
Mary Jane wants to improve her business but does not have enough capital, so she is requesting a loan for 20,000 PHP, which she will use to purchase hog feeds. She hopes that her business will continue to 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.