Andres is in his 60s, married and has 11 children. Through farming corn in their village, Andres supports his family's necessities. When his children started attending school, Andres thought about another source of income that would help him in financing his children's needs in school. Andres started a livestock business, which he still manages today.
Andres wants to continue operating the business as long as he can manage it. He is requesting a loan of PHP 42,000 to buy piglets to raise and feed for maintenance. He knows that he is getting older and he needs to earn a profit and save some of it for his family's future emergencies.
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.