Carmen is a hardworking mother who helps her husband in generating income to support their family. She is 45 and has two school-age children. She is engaged in a hog-raising business to make an income. Being responsible parents, they aim to continue sending their children to school so that they will earn a degree and become professionals someday. Despite financial difficulty, they have the determination to work out their plan.
She aims to improve her hog-raising business to increase her income, but due to insufficient capital she is asking for a loan of P25,000 to buy additional piglets, feeds, vitamins and materials needed in hog-raising. She mentioned that this loan will help her to make an improvement in her business and that she is hoping 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.