Nowadays, all market vendors are increasing their prices for all commodity items. Household expenses like electric bills and school fees are also increasing. Hence, Jose and his wife are teaching their children to be thrifty.
Jose and his wife are engaged in a furniture-making business. Their income from the business was not enough to sustain their three children's school needs at the high school and college level of education. Since Jose is aware of his children's future, he has also engaged himself in the hog-raising business. He is doing this to meet his children's needs.
Jose wanted to borrow additional working capital of PHP 35,000 to buy feed for the maintenance of his hogs. He is looking forward to the growth of his business and to able to provide a better future 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.