Danilo is 58 years old and widowed. He lives with his six children in a rural community. He cultivates his farmland by planting rice and vegetables to sell. He also engages in hog-raising, to generate additional income. He aims to improve his farming business, to generate sufficient income to satisfy their needs and save some for future emergencies.
He plans to raise more pigs to sell, but he has not enough capital. For this reason, he is asking to borrow additional capital of PHP 20,000. He will use the loan to buy feed, vitamins and vaccines that are needed in hog-raising. He believes his loan will enable him to improve the business, and he is hoping that someday, he will make it more profitable.
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.