Alexander is 55 years old, a married man, and has four children. Alexander is an entrepreneur who raises hogs and sells them to butchers when they reach the desired weight. He usually earns about P3,000 for each hog disposed of. He uses the money for school fees. He is now asking for a loan of P7,000 to buy feed and vaccines for his hogs' sustainability.
Alexander is aiming to keep raising healthy hogs to offer them at a higher price and have an income increase, too. Someday he hopes to become a successful hog raiser in their village.
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.