Ariel is a single yet business-oriented man. He is 29 years of age and living with his auntie. Ariel is a farmer and at the same time a hog-raiser within his local community. By this time, he manages his half hectare of a corn field and raises three hogs to be fattened for sale.
He planed to buy four piglets and some hog feed, but due to insufficient funds he is asking for additional capital in the amount of PHP25,000. He knows that this loan will keep his business growing continuously and make it more profitable because he always sees to it that he provides the necessary hog feed for his hog-raising 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.