Jose, age 52, raises hogs to earn an income. He lives in Capatan. He and his wife have raised two children, and he was able to sustain his family through his income from raising and selling hogs. However, one of his children had to stop attending school due to the financial burden on the family.
Jose and his wife would like to attain better sales and profits by providing better nutrition to their hogs, which will spur the growth of the hogs and bring a better price at the point of sale. For this reason, Jose is requesting a loan in the amount of PhP 18,000 from ASKI. With his loan funds, he will buy feed and additional hogs to raise.
By ensuring the health, growth, and nutrition of his hogs, he will be able to generate a better income, which will help him provide for his children's 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.