Prudencio is a hard working father who is raising his family in a rural community. He is 55 years old and has two adult-age children. He has been a farmer for almost 30 years. He cultivates his farm land by planting rice and some vegetables.
Due to the hardship of living, he also engages in a hog-raising business to generate additional income. He aims to improve the business and make it profitable to generate sufficient income. He is asking for additional capital of PHP 25,000 to buy feed and vitamins needed for hog-raising. He is hoping that the loan will help him to improve 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.