Farming is the main source of income for Ludovico. He plants and harvest rice in their village. With his desire to improve their living, Ludovico also engages in hog raising. He has been in this type of business for over 20 years.
Ludovico is married and has three children. With the profits he earns from his hog raising business, Ludovico is able to provide his children's allowances for school. His business serves as his assistant in times of crisis in providing his children's needs for school.
Ludovico wants to continue operates the business while he can manage it. He needs additional working capital to maintain the business. Ludovico decided to borrow a loan of P40,000 to buy feed for his hogs. He hopes to continue operating the business and further support his children's needs in their schoolllife.
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.