Leo is a hardworking and resourceful man. He is married with three children, all of whom currently go to school. Leo’s main priority is to increase the profit he generates from his livestock and farming business. This would allow him to send his three children into higher levels of education, improve their standard of living, and maintain his business. Leo would like to improve his hogs’ weight and make them healthier, but due to insufficient capital he is requesting a loan of PHP 50,000, which will allow him to purchase eight bags of hog feed as well as necessary vitamins. Leo believes that his goal will be fulfilled because he has the ability to make it happen through his determination, hard work, and the financial assistance he has requested from lenders.
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.