Tessie is a hardworking mother. She is 51 years old, married, and has three children. To generate income for her family she raises hogs to re-sell. Aside from the hog-raising business, she also dresses chickens and offers them at their village.
She would like to increase her income, that is why she is borrowing a loan to invest in making her hogs healthier and to sell them at higher cost. She is borrowing PHP 6,000 to buy feed and vaccines for hogs. Tessie promises to pay back her loan in full and contnue improving her family's living conditions.
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.