Leonito is 33 years old and married. He raises hogs to sell to butchers who come to his village. He has been in this business for almost five years. He usually earns a profit of 3,000 PHP for each hog he sells. According to him, the expensive cost of goods and the needs of his children make him work harder to generate income.
He is now asking for a loan of 25,000 PHP to buy feed, vitamins, and medicines for hogs in order to ensure good nutrition. This loan will be a great help for him to improve his hog-raising business.
In the future, Leonito would like to send his three children to college so they can pursue their own career someday.
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.