Leonardo is from La Suerte. He is married and has four children. To meet his family's needs, Leonardo raises hogs to fatten, breed, and sell. He has been doing this for over seven years and earns about 4,000 PHP for each hog. He has spent his income wisely on food and school fees. Leonardo would like to develop his business, but he does not have enough money to do so. So he is requesting a 18,000 PHP loan from ASKI to buy feed, medicine, and vaccines to ensure his hogs health. If the hogs grow well, he can sell them at a higher price and will increase his income.
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.