Melchor devotes most of his time to his corn farming business, because it's his family's main source of income. But, due to improvement in his financial stability, he was able to establish a livestock business which he has managed for seven years. He is currently fattening one hog and raising three piglets.
Melchor is married with six grown-up children. His main priority in life is to have continuous improvement in his livestock and farming businesses. To make these things possible, he is requesting additional capital of 20,000 Philippine pesos (PHP) to allow him to buy stock of hog feed and farm inputs for his corn farm. He believes that, with this requested loan, he can further expand the hectares of his corn farm and will be able to increase the hogs he raises. Melchor is looking forward to continuous success in his livelihood.
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.