Joey raises four fattening hogs within his local community. He has been in this kind of business for 3 years. Aside from livestock, he is also engaged in a farming business wherein he manages two hectares of corn field and 3,000 square meters of rice field.
Joey would like to have a continuous source of income so he is requesting a loan of 30,000 PHP, allowing him to buy livestock feed. Some of the loan will be used for maintenance of his farming business. Joey hopes that his rice and corn production will be more productive so he could sustain all their family needs and gain better profits. In this way, he could improve his financial stability and improve his living condition.
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.