Jomar is 41 years old and engaged in the hog-fattening business as his primary source of income. He is blessed with three children and it is hard for him to promote their living with all their needs, especially their education. Therefore, he usually feels he has insufficient funds.
He just earns PHP 5,000 each time he sells his hogs and he aspires to increase his sales. Now, he is asking for a loan of PHP 16,000 to buy vitamins for his hogs and two more hogs as additional sources of sales. He hopes that through his hard work and this loan, he will have better living conditions and be able to promote the education of his children.
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.