Jovilyn is a 36-year-old mother with three school-aged children. To support the needs of her children, Jovilyn operates a hog raising business where she earns PHP 4,000 when she sells one of her pigs.
Wanting to have a bigger income, Jovilyn is asking a loan of PHP 10,000 to purchase additional breeding pigs and pig feed.
In the future, Jovilyn hopes that her loan will pave the way for her to earn an income and be able to support the education of her children.
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.