Salvador is 43 years of age and married with two school-aged children. He earns about PHP 10,000 for each crop as a farmer working in the Philippines. He grows corn and has been doing it for over 20 years. Salvador is asking for a loan of PHP 30,000 to buy fertilizers and corn seeds for his farm. He dreams of having high yields to earn profits to educate his children.
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.