As a way of generating income, Mary Jane is engaged in the hog-raising business to supplement her husband's income. She is now 38 years old and has two school-age children. Due to the high cost of school fees, Mary Jane aims to improve her hog-raising business so she can support her children's education.
She planned to acquire more piglets to raise but due to inadequate capital, she is asking for an additional loan of PHP 10,000 to buy feed, vitamins and additional piglets to raise. She believes that through this loan she can improve her business and she hopes that she will be successful in the future.
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.