Loreto is a jolly and hard-working man. He has a wonderful wife and two children. He has been involved in buying and selling hogs for over two years and has extensive experience in this business. He sells his pigs at the district markets. This business brings in a good profit both to the business and the family budget. Loreto dreams of lifting his family from poverty; this is why he works hard at his hog raising business. He also wants to provide the necessities for his pigs; therefore, he has requested a loan of PHP 20,000 to buy feed, vaccines, and vitamins for his pigs. He hopes this will make them fit and nourished, and provide higher prices when it is time for them to be sold. He also hopes to grow his business to secure a good living for his family.
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.