Eliza is raising five hogs to be fattened, and one sow. She is 46 years old, happily married, and has three children. Eliza currently lives with her husband, father and nephew.
Eliza aims to increase her profit because she would like to have more comfortable living conditions and improve her family's financial stability. She wants to buy livestock feed, vitamins and vaccines to ensure the proper growth of her raised hogs, but her funds are inadequate due to medical expenses for her father who has hypertension. Because of this situation, she decided to apply for another loan amounting to PHP50,000. She hopes that her hogs will become healthy upon reaching their optimum growth so she can sell them for a greater price, which will serve her family's need and save for emergency purposes.
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.