Herminigildo started to dream with simple things in life, he first ventured into the farming business by cultivating a corn field. He is thankful because his business improvement grew from his patience and resourcefulness.
Herminigildo's commitment to his farming business brought him to the realization of needing to adopt new farming strategies to be able to achieve continuous improvement. He currently raises one sow and three fattening pigs. Herminigildo's wife is a business-minded person who wants to succeed in life.
Herminigildo has paid back his previous loan and has asked for a larger loan amount of PHP30,000. This amount will be use to buy hog feed and necessary vitamins for continuous good nutrition and proper growth of his hogs. He hopes to make his business more profitable so that he can let his youngest child finish his coursework and improve their financial stability.
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.