Faustino, 40 years of age, is married and blessed with two children. He is also a barangay (Philippine administrative division) captain in his village. He's been in the hog-raising business for almost two years and earns a net income of PHP 1,500 when he sells one hog. Due to lack of capital, he requested a loan of PHP 35,000 to purchase hog feed, hogs to raise and to sell. He's hoping that his requested loan will be granted so that he can utilize it immediately in his 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.