Manny is 39 years old. He is married with one child. He and his family live in the village where he generates income. Manny is engaged in a hog-raising business. He has been in his business for five years and usually earns about 2,500 PHP per piglet. In this way, he is able to meet his family's needs. At this time, Manny is requesting a loan of 15,000 PHP to purchase feed and vaccines for his hogs. Manny 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.