Rocky has been engaged in the hog-raising business for one year. Aside from raising hogs, he also has one hectare of corn farmland, which was his main source of income before. Rocky is a young livelihood businessman. He is happily married and blessed with only one child.
Rocky's wife owns a retail store, while he is in charge in taking care of his farm and livestock business. Gained profits from his farm and livestock go to their daily household expenditures, and additional capital goes to his wife’s retail store.
With his determination to have a comfortable lifestyle and give his only child a quality education, Rocky is seeking financial support from lenders. He is asking for a loan of PHP 13,000, which will be used to buy hog feed. Also, some of it will be used to finance his corn farming business.
Rocky knows that this amount will have a great impact in making his livestock more profitable and obtaining success in life, and so with his businesses.
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.