Dominga, a widower from Dadda, breeds and raises hogs to fatten and re-sell at a profit. She is 61 years old and has had four children. She generally receives P3,000 for each hog she sells. She wants to raise healthy hogs so she can sell them profitably. She is asking for a loan of P12,000 to buy hog vaccines, medicines and feed to ensure good nutrition. She would like to keep improving her sales, for the overall well-being of her family, and to save funds for use in times of emergencies. She promises to pay back her loan in full.
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.