Eduardo has been engaged in a livestock business for three years. He is 38 years old, married with three children. He is thankful because his wife has been helping him to earn their living, through vending local cakes within the community they live in.
Presently he is raising one sow and 15 piglets.He devotes his time to his livestock business because he would like to nourish them well so that whenever they reach their optimum growth, he can sell them for a higher price.He aims to raise all his 15 piglets, but raising them all is quite hard due to the feed that has to be fed to them daily. So Eduardo is in need of more capital to allow him to buy 15 "cavans" of feed and vaccines. He is asking for a loan of P40,000, and he hopes that he will receive this loan amount so that he can maintain the business, allowing him to obtain greater income to sustain his family needs.
In the business picture, the client is the one wearing a white shirt and the project officer, wearing a jacket, is on the other side.
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.