Aileen, is aged 32, is married and blessed with two children. She has been in the business of raising hogs for almost three years, and she earns a net income of PHP 6,000 for every hog she sells. Her net profits are usually spent on the school allowances of her children, and the rest goes for their daily expenditures. Due to inadequate funds, she would like to take out a loan of PHP 15,000 to purchase hog feed to cover the needs of her hogs. She is hoping that her loan will be granted so that she can earn more profits from her business.
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.