Celestino is 28 years old, single and is currently residing with his parents and two siblings at the village of Calaocan. He has a livestock business raising hogs. His net income when he sells six hogs is PHP 8,000. He would like a loan of PHP 30,000 to purchase hogs to raise and sell. His profits usually go to the family's daily expenditures at home. He is hoping that his requested loan will be granted so that he can use it to improve 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.