Floriano is 50 years of age and married with three adult-aged children. He is a farmer working in the Philippines. Floriano's wife is a housekeeper. Floriano is asking for a loan of PHP 30,000 to buy inputs needed for their field such as fertilizers and seeds of corn. He will also use the loan to pay for the laborers who will do the planting on his farm. In the future, Floriano hopes that his business will earn higher income from the yields.
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.