Teresa is 54 and happily married to a farmer. They live happily in a rural community. They were gifted with six children and they want their children to become successful in the future. Her husband manages their farm lots by planting fruits and vegetables to sell, while Teresa engages in a hog-raising business to supplement her husband's income.
Due to financial difficulty, she aims to improve her hog-raising business to earn a higher income to satisfy their necessities and to support the schooling of her youngest child. To improve the business, she is asking for an additional capital of PHP 20,000 to buy the needed feeds, vitamins and additional piglets to raise. She mentioned that through patience and hard work, she will make an improvement 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.