Due to financial hardship, Zosimo is engaged in a hog-raising business to generate additional income. He aimed to uplift his status of living and give his family a better life. He planned to expand his piggery and acquire more pigs to raise but he has insufficient capital. For this reason, he wants to access financial assistance of PHP 25,000 from Kiva lenders through ASKI to buy hog feed, vitamins, additional pigs and materials needed to improve the pigpen. Being a patient and industrious father, he hopes that someday, he will become 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.