Arthur, age 56, plants and harvests rice and vegetables to earn an income. He and his wife have four children and live in a rural community.
Being a responsible father, he would like to to improve his family's standard of living and offer them a better life. For this reason, Arthur plans to engage in a hog-raising business to generate additional income.
To start up his new business, Arthur is requesting a loan in the amount of PhP 20,000, which he will use as additional capital to buy piglets to raise and to purchase feed and vitamins for them.
He believes that the loan will help him to build and improve the new business, and he hopes to make it successful and profitable in the future.
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.