Sonny, 48 years of age, is married to Crisencia. He has operated his hog-raising business in their village for almost five years, and he earns approximately 7,000 PHP (Philippines pesos) per head every four months. He wanted to request a loan from Kiva lenders of 28,000 PHP to purchase additional hogs to raise, and feed for them. He is determined and patient to improve his business to supplement the needs of his family. His profit will be used as additional working capital for his 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.