Renato is 40 years of age, married and blessed with three school-aged children. Renato lives in the village of San Francisco with his family. He is a farmer who works hard for his family. Aside from the farming business, he also raises hogs for extra income. He has been doing this for two years and usually earns about PHP 2,500 per piglet. Renato is asking for a loan in the amount of PHP 15,000 to buy feed and vaccines for his hogs. It will help ensure good nutrition for the hogs and allow him to offer them at a good price which will increase his profits.
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.