Carlos is a hog-raiser in the village of San Ambrocio. He has been in this business for three years. He is now 52 years old, but still strong and determined to work harder to keep his business growing and provide a better living to his family, especially his children.
Carlos opted to have more hogs to raise. However, he had not enough capital, and is thus requesting a loan from lenders in the amount of PHP 11,000. He will use the loan to buy additional piglets and their needed feed and vaccines, so that they will grow healthier for future breeding and sale.
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.