Richard is 33 years old and married to Mayflor. The couple is blessed with three children. Richard has raised hogs for two years and he is also engaged in the farming business. All three children are still studying. So, his income is spent on children's education, daily meals and maintenance of his farming business.
He is asking for a loan of P15,000 to purchase livestock feed and vitamins in order to improve the hogs' growth to maturity. This loan amount would really help him in fulfilling his family's needs and in attaining his goal in life, which is to support his children until they finish their studies.
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.