Teofilo is 53 years old, married, and has four grown-up children. He is raising his family in a village. He plants and harvests corn and vegetables to sell. Due to the high cost of commodities and school fees, he also works in a hog-raising business to generate additional income. He aims to strengthen his business to earn a higher income and to continue to send his children to school. He planned to raise more pigs to sell, but due to insufficient capital, he is asking for an additional of PHP 34,000 to buy feed, vitamins, additional piglets to raise, and materials needed to improve his pigpen. He mentioned that he is able to improve his business and make it viable as he continues to work hard and strive for it. He hopes that someday he will improve his family's status of living so that his children will have a bright 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.