Femer works raising pigs, a business she started several years ago. She started raising pigs and as they grew she’d sell them. The best way to earn profits was to go to the free livestock markets to buy and sell pigs. Now, she needs to expand her business and this is why she’s taking out her loan amounting to PHP 20,000 to buy feed, vaccine and additional hogs to raise. This business helps Femer because it’s the only source of income she has to raise her family.
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.