Romel is 35, married and has five school-age children. He aimed to uplift their status of living to continue sending their children to school. Despite the hardships of life, he and his wife are continuously striving to feed their family. Rice farming and hog-raising are the main sources of their income. They have been in this business for almost 13 years, earning profits of 15,000 Philippines pesos (P) from rice farming in every harvest season and P8,000 from hog-raising. Their income went to their food, clothing and allowances for their children.
In this regard, they aimed to improve their hog-raising business to increase their income. But due to financial difficulties, they are requesting a loan of P20,000 to buy feeds, vitamins and materials needed to renovate the pig pen. He hopes that through his patience and hard work, he can make the business viable and profitable in the future, as he believes that nothing is impossible to a person who has strong faith and determination to achieve his goals.
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.