Walter has been engaged in a livestock business. He is currently raising two animals for fattening. Walter is 39 years of age and married. The couple were blessed with five children who go to school. Their main goal is to let their children finish their studies so that they can find better opportunities someday.
Walter would like to increase his profit because his children's education fees are increasing. Some of his income goes immediately to their household expenses, farming, and the daily allowances of his children. So, he is encouraged to borrow additional working capital in order for him to improve their way of living and educate his five children. He has asked for a loan of 20,000 Philippine pesos, which he will use to buy three piglets and sacks of livestock feed. This will enable him to obtain more income. He believes that the business will grow and will help him in the attainment of his dreams in life.
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.