Due to the economic crisis, life has become more difficult and most of the poor families can not afford to finance the education of their children. But Edward, who belongs to a poor family, has the desire to give his children the education they need and a better life. Edward is now 53 years old and has two adult children. Through patience and hard work, his eldest son has earned a degree while his youngest is still in college.
Edward wants to improve his hog-raising business to earn income and support the education of his daughter. He wants to ask for an additional capital of P10,000 to buy feed, vaccines and vitamins for his hog-raising business. He believes that with the help of this loan, he is going to raise more pigs and earn more income. He hopes that his patience and sacrifices will bear good fruit someday and his dream will come true.
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.