Regie raises five hogs within his village. At his very best, Regie wisely manages his corn farming and hog raising business. Now, he plans to buy three additional piglets to raise and hog feed for their daily maintenance, so he is asking for additional working capital of 20,000 PHP. He hopes to obtain this loan amount to further improve the weight of his raised hogs upon reaching their optimum growth. Regie knows that it would really be of great impact to his business improvement because he could sustain them with nutritious hog feed and necessary vitamins to make them healthy.
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.