George is a farmer who plants corn in the Philippines. Determined to avoid financial shortfalls for his family, he has decided to restart his hog-raising business. He had to stop the business temporarily, a year ago, because he lacked the financial means to feed his pigs.
George is asking for a loan of 50,000 Philippine pesos (PHP) to buy feed and piglets. He will also use the loan to buy galvanized iron sheeting to roof his piggery house. He will repair the roof to provide comfortable housing for his pigs.
George will use the loan wisely to continue his hog-raising business. His profit goes to pay his two children's school fees.
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.