Inocencio Jr. is 29 years old and single. In order to have an additional source of income, he has a hog-raising business within his community. He aims to improve his business and increase his income to support his parents and save some money for his future. He would like to acquire more pigs to raise but has inadequate capital. For this reason, Inocencio is asking for a loan of PHP35,000 to buy hog feed, vitamins, vaccines and additional pigs to raise. With this loan, he believes that he will be able to improve his business and increase his income. He is hoping that someday, he will become successful and financially stable.
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.