Apolinario lives with his family in the town of Alicia, Isabela. He is 55 years old and a father of five adult children. Apolinario is engaged in the hog-raising business, primarily for breeding. He has been in this business for 18 years. Through the income he generates from his business he has been able to provide food for his family's needs and also support the extended family.
At this time, Apolinario is requesting a loan of PHP 20,000 to buy feed, vaccine and an additional hog to raise. Apolinario wishes to have a higher income from the business so he will have his own savings. He says he is getting older and that's why he wants to build his savings in preparation for future emergencies.
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.