Alexander is 50 years of age, married and has two children. He is a farmer who is raising his family in a rural community, planting and harvesting rice and vegetables for sale. Due to the high cost of commodities and school fees, he engages in raising hogs to generate additional income. He aims to make the business profitable in order to generate sufficient income.
He plans to raise more pigs to sell but he has not enough capital. Therefore, he is asking for PHP 36,000 to buy feeds, vitamins and additional piglets to raise.
He believes that this loan will be a great help for him to improve the business and hopes that he will become financially stable in the future.
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.