Reynante is married and the father of three children who works hard to give his family a better life. He is 37 years old and earns a living by planting and harvesting rice and vegetables for sale. Due to high cost of commodities and the need to pay school fees for his children, he generates additional income by raising hogs. He is applying for a loan for PHP 35,000 to improve his businesses and increase his income so that he can better support his family and ensure that his children remain in school. He will use the loan to buy feed, vitamins and more piglets to raise. He believes that this loan will improve his businesses and allow him to become more successful.
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.