Raising pigs is Romeo's business. He has run this business for more than twelve years. He is also a farmer who grows rice.
Romeo raises nine piglets, one sow and two which are fattening. With this large number of pigs, he is in need of more capital, so he is seeking a loan of PHP 20,000. He will use the money to buy hog feed, vitamins and vaccines for his pigs. He knows that the necessary livestock supplies will help ensure his pigs' good nutrition and enable them to reach their optimum growth. Romeo is looking forward to the success of his livestock business through the continuous financial assistance of all his lenders.
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.