Pablo is 47 years old and has four children who are in school. Through farming he sustains his family necessities but admits that it gets difficult to pay for school fees. Hence, he is willing to have an additional income source besides farming.
So Pablo extends his farming business into livestock even though he does not have enough capital to maintain it. Pablo wanted to borrow a loan of 34,000 PHP to buy piglets, feed, and vaccines. He will use the loan wisely for the improvement and growth of his business. He hopes to increase his profit and to pay for the school fees 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.