Romeo is a responsible father who aims to become successful and financially stable to give his children a bright future. He owns and manages their farm by planting corn and vegetables for sale. Due to the high cost of commodities, school fees, and transportation, he is engaged in the hog-raising business to generate additional income. He wants to improve and strengthen the business so that he will earn a higher income to satisfy his family needs and to support the education of his children. To improve the business, he is asking for Php25,000 to buy feeds, vitamins, additional piglets to raise, and materials needed to improve the pigpen. Despite problems and difficulties in life, he believes that he can improve the business because he has strong faith and determination to achieve his goals.
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.