Elias, 42 years old, is still single. He has been operating a hog-raising business for five years, earning approximately PHP 2,500 for each piglet he sells. Elias is requesting a loan of PHP 20,000 to purchase feed, vaccine and vitamins for the proper growth of his hogs. He hopes that, through the loan, he can fulfill his hogs' needs. Elias hopes to grow his business.
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.