Bannawag started his hog raising business two years ago with three piglets for fattening. Bannawag is 48 years of age and is married. They are blessed with two children who they are sending to school. With his duration in business, Bannawag learned that his business is more profitable if he has a pig for breeding.
Bannawag is asking for a loan of P25,000 to buy feed for the maintenance of his pigs. He believes that the loan will be a big help for him to maintain his business. He hopes to continue sending his children to school until college through the profits he earns from the business.
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.