Leonito is 34 years old, and is married to Jinky. They live in the village where he generates income. Leonito is engaged in the hog-raising business. He has been in this business for three years and earns PHP 2,500 per piglet. Right now, Leonito is requesting a loan in the amount of PHP 30,000 to buy feed, vaccines and vitamins for the proper growth of his hogs. He believes that he can improve his business through the help of his loan.
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.