Arcadio is 58 years old, married and has three children. He is raising hogs to sell for a profit. He usually earns about P2,000 for each hog disposed of. He had been in his business for six years now.
Arcadio is now asking for a loan of P6,000 to buy feed for his hogs' sustenance. This will help nourish the hogs and let them attain the desired weight so he can sell them at a profit, leading to good income in 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.