Franklin lives in an area where the major source of income comes from the farming of corn crops. He is happily married and has been blessed with four children. All of his four children attend school, so he needs to double his efforts to increase his sales and profit. Through his farming business, he is able to gain a good income, which has helped him establish his livestock business. He is currently raising and fattening four hogs and grows corn crops on his three-hectare farm plot.
Franklin would like to take out a loan of 50,000 PHP, which he will use to buy sacks of hog feed and farm supplies for his corn crops. He is thankful to lenders because his previous loan has really helped him improve his corn farm plot and so achieve financial stability. He hopes to obtain this loan so that he can continue to grow both his livestock and farming businesses.
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.