Alexander is 41 years old, married and blessed with five children. He has been in the hog business for 10 years and usually earns about PHP 2,500 per piglet. Right now, Alexander wants to have more hogs to raise. That's why he is taking out this loan amounting to PHP 50,000 to buy additional hogs to raise and feed for them. Alexander hopes to increase his income to continue sending his children to school. He wants to be able to give them a better life.
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.