Loreto raises crops, and now he plans to invest in starting a piggery, for an additional source of income of the family. He wishes to have a loan of 50,000 PHP to buy piglets, and feed for their maintenance. Loreto hopes to manage a hog-raising business in their village.
Loreto is lucky, being married to a patient housekeeper who is his partner in forming a God-fearing family. He is a responsible father of two children, who are going to school. Loreto wishes to send his children to school until college and finish their education. He will strive and manage the business well, to generate income for the future of his children.
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.