Noel is a modest person with a strong personality. He lives with his family in the village of Pulay. Noel is engaged in a hog-raising business that primarily involves hogs for breeding. It is a business he started several years ago. As of now, he needs to increase his business, and this is why he is taking out a loan of 30,000 PHP that he will use to buy feed, vaccines, and additional hogs to raise. This business helps Noel, because it's the only source of income he has to support 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.