To have another source of income, Joel engages in a hog-raising business in his community. He is 38 and married, but doesn't have children. Despite that, he wants to become financially stable and successful in life. He plans to expand his pigpen and raise more pigs to sell. Having insufficient capital, he is asking for a loan of 40,000 PHP to buy additional piglets as well as feeds, vitamins, and vaccines for his hogs. He is hoping that someday, he will further improve the business and make it more profitable.
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.