Agustin plans to improve the weight of his raised hogs to earn greater income. But due to shortage of capital, he is seeking a loan amounting to PHP30,000. This loan amount will be utilized by buying necessary feed and vitamins. Some of it will be used for land preparation on his corn farm.
Agustin is married and has been blessed with four children. Three of his children are studying while his youngest child is still an infant. He is thankful because his wife is supportive in making his corn field and hog raising business more profitable and a viable source of income for his family.
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.