Abraham is 55 years old and married with four school-aged children. He is a farmer working in the Philippines who earns approximately PHP 10,000 each month. Abraham is asking for a loan of PHP 45,000 to buy hog feed and other supplies. He has been doing this business for 23 years. Abraham wishes to maintain his business to provide his children needs in school and the basic necessities of his family.
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.