Jovelyn is 37 years old, married and has four children. She enjoys daily activities in her hog-raising business. She devotes her full time in maintaining her business, which is the only source of income for her family. After taking care of the hogs for four months, she sells them, earning PHP 5,000 per head. She joined ASKI to gain access to financial services to help improve her business and living situation.
Jovelyn is requesting a loan of 25,000 PHP, which she will use to purchase feed and vaccine for her hog-raising business. She plans to use additional revenue from the business towards the improvement of their general living condition.
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.