Bonifacio is 57 years old, married, and has four children. He was not able to send them all to school due to lack of finances. Bonifacio had a farming business but only derived just enough income for the family. He decided to raise hogs to add to his income. He is currently feeding four hogs. He is asking for a loan of P20,000 to enhance nutrition and some day sell them at gainful prices. He will buy vitamins, medicines, and hog feed to sustain the hog's good nutrition. Bonifacio promises to pay back his loan in full.
Someday, Bonifacio hopes to achieve progress in his businesses for the betterment of the family's poor living condition.
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.