Dante is 47 years old, married and has three children. Dante’s wife operates a sari-sari (general) store in their village. His wife’s income from the business provides for their daily household expenditures. Dante manages a livestock business primarily raising and fattening hogs.
Due to the increasing stock in the market, and especially the growing agricultural supply, Dante is asking for a loan of PHP 20,000 to buy feed for his hogs. The loan will help him grown his hogs faster and sell them at the right time.
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.