Villamor is 52 years old and married with three children. Two of his children are already working, while his youngest child is still a college student.
Villamor is engaged in hog raising and farming. He currently cultivates three hectares of corn. He has been running his hog business for 20 years and farming for 25. He is thankful because, through his determination and sacrifices, he is able to help his two children finish their studies and sustain their daily needs.
Profits from his hog raising business are used to purchase expensive supplies for his corn farming business. Villamor plans to buy two additional piglets to raise, but his capital is insufficient. Villamor is asking for a loan of 27,000 PHP. He knows that this loan will really help him meet his goals in his life and in his business.
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.