Amor is 40 years old and has chosen to be single. His ambition in life is to become successful and financially stable by running a viable business in order to generate sufficient income. In addition to managing farm lots, he also started a piggery to raise pigs for sale. He has been in this business for almost 28 years and usually uses his income to buy necessities for himself and support the education of his nephew and nieces. He aims to earn and save more income in order to expand his business and continue sending his nephew and nieces to school. To expand the business, he is asking for additional capital of 20,000 PHP to buy feed, vitamins and vaccines needed for hog-raising. He is hoping that that some day he will expand the business and make it more viable.
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.