Teresa, age 46, operates a grocery store business in her village. For additional income, she raises hogs. She and her husband Antonio have four children and she works hard to support her family.
With the goal of continuing to earn a good income for her children, she is asking for a loan in the amount of PhP 5,000. She will use her loan funds to buy feed and vaccines for the sustainabilty of her hogs. This will help ensure her ability to provide her hogs with good nutrition.
In the future, Teresa hopes to keep growing healthy hogs so she can offer them at higher cost, earning profits for the purposes of educating her children.
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.