Juanito has been a farmer for almost 18 years; planting and harvesting rice and vegetables for sale. He also engages in a hog-raising business to generate additional income. He is now 48 years old, and has three school-age children. He plans to educate all of his children to give them a better life. To work out his plan, he aims to improve his hog-raising business to increase his income, and support the education of his children.
He is requesting additional capital of PHP 20,000 to buy feed, vaccines, and vitamins needed for his hog-raising business. He mentioned that the loan will help him to make an improvement in his business and he hopes to achieve his goal 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.