Imelda is 55 years old, married and has four children. To provide their daily basic needs, Imelda is selling laundry soap in their village. Her husband grows rice in their field. Imelda also manages a hog raising business as her family additional source of income. She has been eight years in raising pigs and usually invests her income in farming. Imelda wants to continue operating her hog raising business and further provide for their farm needs. For this purpose, Imelda is requesting a loan of PHP 20,000 to buy piglets to raise and feed for the hogs. Imelda aims for the growth of her both businesses.
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.