Renato lives in the village known to be mountainous, and almost all of the main source of income comes primarily from corn farming. He is 45 years of age and married with five children. His eldest child settled for marriage while the three left at home are still studying. He aims to have a stable source of income so he can let his children finish their studies and improve their way of living.
Renato raises six hogs, as well as corn crops. He has been running his hog-raising business for seven years. He is really blessed because, even though he is busy raising his hogs, still he has the time to run his farming business well. Renato plans to buy hog feed and farm supplies, but his capital is no longer enough due to an abrupt increase in his household expenses. So he requested a loan of PHP 15,000. He believes that this loan amount will help him attain his goal in life and also help with his livestock business.
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.