Avelino is 58 years old and married to Constancia, his partner in his hog raising and farming business. They have seven children. As the head of the family, Avelino wants to provide a better way of living for his family. For him to do this, he would like to request a loan of PHP 7,000 to purchase an additional hog and to buy sacks of fertilizer to support their farming needs so they will have a good yield this harvest season. He hopes that through his business he can support the needs of his family and provide the daily school expenses for his youngest child. Avelino considers their village a poor area because of its poor road conditions especially during the wet season when transportation is rare. He says that he must work hard for the welfare of his family in order to attain his ambition in life.
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.