Mardoqueo is married and blessed with seven children. Among his children, three are attending schools that are in between college and high school level of education. To make a living he is engaged in the farming and livestock business. His profit from the business is not fit to sustain family's daily expenditures since his business generates only an income when time of harvesting and selling of hogs. Sometimes he is asking for financial help from his child, who is working abroad, to provide for his other children's needs in school. Now, Mardoqueo has decided to borrow a loan of 10,000 PHP to buy feed for the maintenance of his hogs. He hopes to gain enough profits to earn more income.
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.