Domitilio is a hog raiser in the village where he lives. He is now sixty years old, married to Maria and they have five children. The youngest child still attends school, the rest have settled into marriage. Maria also operates a small store to add to the family's income.
Domitilio would like to ensure good growth and nutrition of his hogs so he is asking for a loan of PHP 20,000 to buy feeds, vitamins and vaccines for his hog business. This will help his hogs grow healthier and when they achieve the desired weight, he can sell them at a higher price. This will lead to additional income.
Domitilio would like to keep expanding as a successful hog raiser for the overall welfare of his family. From this, he will be able to save funds to use in times of emergencies.
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.