Federico is 48 years old. He is still single. Federico lives in the village of San Francisco with his mother and his adopted child. To make a living, Federico is busy managing his hog-raising business. He has been in this business for 5 years and earns about 2,500 Philippines pesos (PHP) per piglet.
At this time, Federico wants to have more hogs to raise. In this regard, Federico is asking a loan in the amount of 10,000 PHP to buy feed, vaccines, and additional hogs to raise. He hopes that he can get the amount he requested to further develop 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.