Tranquilino cultivates 8,200 square meters of rice fields and three hectares of corn farm, and is also engaged in a livestock business. He has been managing his farming for five years, while spending six years on his livestock business. Tranquilino lives with his live-in partner and her two children.
Tranquilino is a hardworking and responsible man. Though he is not the real father of his partner's children, he still does everything in order to send them to school. Since he has bigger responsibilities now, he decided to borrow additional capital in the amount of 25,000 Philippines pesos (PHP).
He will use this loan to buy livestock feed and medicine to make his hogs healthy upon reaching their optimum growth. He hopes for approval of his requested loan amount so he can maintain his farming and livestock 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.