Oscar is 58 years old. He and his family live have been residing recently in the village of Paniki. He is a farmer who cultivates their farmland by planting rice and vegetables for sale. He was also engaged in the hog-raising business to generate additional income. He and his wife are aiming for a successful life, in order to cover the needs of their children. For this purpose, Oscar plans to raise more pigs to sell, but he has limited capital. He decided he wants to take out a loan of PHP 15,000 to buy hog feed, vitamins and additional piglets to sell. He believes that this loan will enable him to improve the business, and he hopes that he will be successful 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.