Julito is 59 years old and married, with four grown-up children. He has been running a transportation business for 17 years, while dedicating 27 years to his hog raising business. Nowadays, through his patience and sacrifices in transporting his passengers from their villages to and from the market, he has two motorcycles for public transport.
Julito would like to ask for additional capital amounting to P20,000 to purchase one set of sprockets, one wheel and two piglets for his transportation and hog raising businesses. He is hoping that his profit will increase so that he could buy a stock of feeds for his raised pigs, and save some amount for security purposes when he gets weak.
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.