Ernesto is 43 years old, married, with three children. Two of his children work and the other is still studying. He lives in a mountainous area. His main source of income is from farming.
Ernesto's wife is a Barangay Health Worker and owns a retail store. The couple both work hard because they want to have a better way of life and a stable source of income.
Currently, Ernesto grows corn on his one hectare of land and raises two sows. He has been running his livestock business for one year.
Ernesto wants to feed his pigs with quality feed but due to shortage of capital he is seeking a loan of 25,000 Philippine pesos, which will allow him to buy supplies such as feed, vitamins and vaccines for his livestock.
Ernesto hopes to use the loan to generate more income, which will be used to expand his livestock business and to send his youngest child into higher education.
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.