Severina, 60 years old, is married to a tricycle driver. They have two children. They reside harmoniously in the village of Union. Severina has managed a piggery business for almost three years, and earns an income of 3,500 Philippine Pesos (PHP) per hog. She has requested a loan of 25,000 PHP to purchase feed for her hogs. She hopes that her loan request will be granted so that her business will become more profitable.
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.