Modesto is a father who runs a hog-raising business in his community to gain income for his family. He is 30 years old, married and has one infant child. He and his wife aim to increase their income so that they can improve their house and save for the future of their child. In this regard, they plan to raise more piglets and chickens to sell in the future.
Due to insufficient capital, Modesto is asking for a loan of PHP 33,000 to buy feed, vitamins, piglets and materials needed to improve the pigpen. They are hoping that this loan will make it possible for them to improve the business as they continue to work hard and strive for their goal.
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.