Silvestre, aged 52, is married and has six children. His goal is to improve his hog-raising business to support his family. He has been in this business for almost two years. He received profits of PHP 15,000 for two hogs last month. Despite the hardships and difficulties of life, he has the strong determination to uplift their standard of living.
He intends to raise more pigs to increase his income. He is asking for a loan of PHP 40,000 to buy feed, vitamins and vaccines for his hog-raising business. He believes that this loan will contribute a lot to make the business grow and become a viable source of income.
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.