Imelda enjoys her daily doings as a housewife. She is 47 years old, married and has four children. Her husband is a farmer and at the same time a company driver. Imelda engages in a hog-raising business primarily with hogs for breeding. She is responsible for managing their farm if her husband is out of town, especially when he is called by his boss.
Imelda earns PHP 10,000 in her business in every four months, when her hogs are sold. Her husband earns PHP 8,000 per month from his salary as a driver, but still it is not enough to pay for feed for the hogs as Imelda prioritizes paying allowances for her children in school. Therefore, Imelda is asking for a loan of PHP 30,000 to buy feed for the maintenance of her hogs. She believes that with the loan she will not have difficulties to finance feed for her hogs.
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.