Rene Rose relies on income from her hog-raising business. She is 43 years old, is married and has a child. Her spouse is a tricyle driver.
She needs sustenance for her hogs; that is why she is now asking for a loan of 3,000 PHP to buy feed. She hopes this loan will be given to her, as additional revolving capital will improve her income as well. She promises to pay back her loan in full.
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.