Apolinario is 56 years old and happily married to Solmira. One of his primary sources of income is a hog-raising business. He has been doing this for almost seven years. Apolinario wants to improve his hog-raising business, so he is asking for a loan in the amount of PHP 32,000 to buy feed and vaccines. He hopes that he can get the amount he requested to maintain the proper growth of his hogs.
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.