Xyndritz is involved in the farming business. He has grown rice crops for three years. Aside from farming, he is also raising hogs as an additional source of income for his family. He has currently raised one sow and 11 piglets. He has been involved in this kind of business for one year. Xyndritz is a young man and married to Virginia. They are blessed with three school-aged children.
Xyndritz would like to increase his sales and profit because of their high household expenses and the daily maintenance of his raised hogs. He really needs additional capital because the capital intended for his farming business was used for his children's education and hog-raising business. For this reason, he is asking for a loan of PHP 30,000. He will use this loan to buy farm supplies and livestock feed for his hog-raising business. He hopes that he will make his farmland productive so that he can earn more income which will serve to give his children a bright future and cover all his household expenditures.
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.