Jorge, 42 years of age, is single and a father of 3. He's engaged in a livestock business, particularly hog-raising. He's been in this business for almost 6 years. He also has a rice mill. His net income every three months is 30,000 PHP. He's asking for a loan of 35,000 PHP to purchase some hogs to raise. He is glad that his business income is now enough to support his children's education. He would like to continue receiving loans to aid the growth of his business and generate profits to invest in the future.
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.