Emmanuel is 54 years old and married with three school aged children. He is a farmer. He plants corn in the Philippines. His wife is a housekeeper and his partner in caring for their family. Emmanuel’s wife plants and harvests various vegetables that serve them as an alternative source of income for the family.
To further cover their family's needs, especially his children's needs in school, Emmanuel decided to start up another source of income that he believes will be a great help for his family to improve their living situation. Now, Emmanuel runs a hog raising business. Due to a financial shortage, he cannot buy the full amount of feed needed for the maintenance of his hogs. This will affect their growing and weight.
Emmanuel is requesting a loan of P22,000 to buy stocks of feed for the maintenance of his hogs. The loan will be a big help for him because he is able to buy sacks of feed in the market. It will minimize his fare expense of going to the market.
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.