Eduardo lives in a village and is known to be a good fisherman. He is 54 years of age and married with five children. His two eldest children are settled in their marriages while the others are at home and are still studying. He aims to have a stable source of income so he can let his children finish their studies and improve their way of living. But fishing is not so stable, so he plans to buy piglets to raise.
He is requesting a loan of PHP 15,000 to repair his fishing net and boat and to buy two piglets and feed. He believes that this loan amount will help him attain his goal in life and also help his piggery business to grow.
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.