Eduardo is 23 years of age and married with an infant child. He earns about 25,000 Philippines pesos per month as a farmer working in the Philippines. He grows rice and has been doing it for five years.
Eduardo is asking for a loan to purchase fertilizers and seeds of rice to be planted for his large crop. He dreams that his business will be profitable someday to uplift their living conditions and continuously bestow his family's needs.
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.