Ronilo is a loving father of two. He is now 36 years old and married to a housewife. She is also his partner in the hog raising business.
He has been raising hogs to fatten and breed for eight years now, and earns about 3,000 PHP for each hog sold. He is now asking for a loan of 12,000 PHP to buy an additional hog, its feed, and vaccines for sustainability. Hogs will be sold at higher cost if they attain the desired weight. From this income, Ronilo will continuously pay the school expenses of his children. Education will be the greatest legacy he can pass onto them.
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.