Macario is 58 years old, married and has four adult-age children. He is a farmer raising his family in a rural community. Farming is the main source of their income; he plants rice, fruits and vegetables for sale. Aside from that, he also maintains a hog-raising business to earn additional income. He plans to raise more hogs to sell but he doen not have enough capital. For this reason, he is asking for an additional capital of P 30,000.00 to buy feed, vitamins and vaccines needed for the maintenance of his hogs. He is hoping that his loan will be granted in order to strengthen the business and improve their status of living in the future.
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.