Nelson, a 48 year old married man, lives peacefully at Baggao with her daughter. Nelson has two children, a nursing graduate who is looking for employment and a soldier. Nelson's wife works abroad. He is patiently involving himself in a corn farming business and livestock raising (pigs to fatten and breed). He was able to earn about PHP30,000 a month doing these activities. From his businesses, he has provided the best education for his children.
Nelson would like to keep earning good profits from the hog raising business, but he needs additional capital. He is now asking for a loan of PHP50,000 to buy vaccines, feed, and medicines for the piglets. This will help ensure good growth and sustainability. He is looking for the improvement of his businesses and to achieve financial stability so that his wife will not be having to work abroad anymore.
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.