Jomar peacefully lives with his wife and two children in Sto. Domingo. He is 39 years old and manages a small piggery in their village. He fattens and breeds hogs to sell. He is generates about PHP 5,000 per hog. In order to buy vaccines and medicines for his hogs, Jomar is applying for a loan of PHP 30,000. With the loan, he believes that his hopes and dreams for his business will become realities. He also wants to send his children for college educations.
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.