Johnny grows corn crops and raises hogs within his local community. He is 33 years old and married with one child. Johnny's wife operates a restaurant. Aside from raising hogs and corn crops, he also runs a 20,000 square meter fish pond which he rented for 20,000 PHP every five months.
Johnny has run his livestock business for two years. At present, he raises six hogs to be fattened and one sow.
Johnny is full of hopes in life: he wants to obtain more hogs to raise in order for him to gain a better income. For him to realize his goal, he is asking for another loan, amounting to 50,000 PHP. He will be using this loan amount to buy hog feed and vitamins to ensure proper growth of his hogs upon reaching their maturity period. Johnny believes that someday he could be a successful entrepreneur within his locality.
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.