Liwayway is managing a piggery business in her village. She raises hogs, and when they reach four months, she slaughters them and sells meat around their village. Liwayway has been running the business for 10 years. Her income from the business usually goes toward allowances for her three children to go to school. Liwayway wishes for a loan of 20,000 Philippine pesos (PHP) to buy feed for the maintenance of her hogs. She hopes to maintain the business and improve it for a continuous source of income. Having her business is very important to be able to continue sending her children to school to 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.