Ruben is a 51-year-old man who lives with his wife and children. He is a hog raiser and breeder and has four years of experience in this field. Ruben chose this particular activity because meat is in very high demand in their community.
Ruben usually buys piglets in the local market, fattens and raises them for 5-6 months. Then, he resells the grown pig for a more profitable price to market vendors and butchers. His wife helps to look after the animals and feed them.
Demand for fresh meat is very high and Ruben would like to cover the demand of his permanent clients. For this purpose, he has applied for P 10,000. He will use the loan to buy two piglets.
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.