Edgardo devotes most of his time to his agricultural business. He lives with his wife and five children peacefully. His main priority is to ensure proper growth of his hogs and rice crops. But due to the expensive cost of farm inputs, hog feed and vitamins, he decided to ask for additional capital of 20,000 PHP (Philippines pesos). Edgardo prays that he can continue to ensure proper growth of his hogs upon reaching their maturity date, so he can gain better income and save some of it for his security purposes, for when he and his spouse get weak.
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.