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May 4, 2016 11:13 AM ET

Archived: Philippines – Margarita: A loan of $1,075 helps Margarita to buy hogs to raise and use in the butcher shop.

iCrowdNewswire - May 4, 2016


Margarita is 55 years old, widowed and has three grown-up children. Two of them are working abroad. Margarita is managing a butcher shop as the source of her income. She hires additional laborers who help her in her business. She wants to continue improving her services. That is why she is now asking for a loan of P50,000 to buy hogs to raise and use in the butcher shop. Margarita will pay back her loan in full and continue saving funds for the family’s future expenses.

Additional Information

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.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI’s Kiva Lending Team or view itswebsite.

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