Jerry is 24 years of age and is newly married. He is in the hog raising business, primarily raising pigs for breeding. He has been in this business for almost two years and earns an average income of P5,000 monthly. Jerry’s wife is a housekeeper and his partner in managing his business.
Jerry dreams of maintaining and developing his business to earn higher income. He plans to improve his strategies in managing his business. He is asking for a loan of P30,000 to purchase feed for the maintenance of his hogs. Jerry believes that this loan will help him to attain his dreams.
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.