Samuel peacefully lives in their hilly village of Alfonsolista. He is 35 years old, married and has four children. His wife is working abroad, while Samuel is growing corn in their field. His wife’s salary serves as their children’s allowances in school and pay for their fees. Sometimes, he saves some of it and invests in their livestock business. At present, he temporary stopped his livestock business because he was getting short on pigs feed. According to him, if they were to rely only on his wife’s salary, it will not cover up all their expense especially when their children enter college. Samuel is working hard to help his wife meet their children needs. Samuel wants to continue his livestock business for an additional source of income. Because of this, he is requesting a loan of P50,000 to buy feed and piglets to grow. He hopes to continue operating and growing the 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.