Edgar is 42 years old. He is married and has two children. He is a graduate of a vocational course, but his business is not related to what he studied. Edgar raises hogs and grows corn crops on his three hectares of farmland. According to him, he was 18 years old when he started raising crops in his village.
Edgar would like to keep his hogs healthy until they reach their optimum size. So, he is requesting a loan of 50,000 PHP to enable him to buy and stock hog feed. In addition, he will use some of the loan amount to buy farm supplies so that he can develop both his farm and livestock businesses.
Edgar knows that, in time, he could fulfill his goal in life, enabling his two children to finish their studies through his hard work and the unending financial support of lenders to his 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.