Diana is from the village of San Antonio in the province of Isabela. She is 30 years old and lives in the village with her husband Dante and children. Diana works as a housewife. The total average monthly income of the family is PHP 3,000.
Diana requests a loan of PHP 5,000 to expand the family business. In particular, she will buy four piglets and food for them. After the piglets are grown, in four or five months, they will be sold at a higher price. The additional profits earned by the family will help them to improve their living conditions.
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.