Jorge is 40 years old, married and has three school-aged children. He aims to upgrade their living status to continuously send the children to school and give them a bright future. He engages himself in a hog-raising business to generate additional income.
Due to the high cost of school fees and commodities Jorge has aimed to improve his hog-raising business to increase his income. To improve the business, he is asking for an additional capital of 35,000 PHP (Phillipine Peso) to buy feed, vitamins and additional piglets to raise. He believes that this loan will help him to work out his plan and he is hoping that he will make the business grow in the future.
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.