Reymundo, 39 years old, is married and blessed with four children. He has been growing corn for almost 20 years. He is asking for a loan of 25,000 PHP to purchase seedlings and fertilizers for his farm. At the last cropping, his net income is 30,000 PHP. He hopes to continue taking loans to be able to achieve his dreams for his children through patience and hard work.
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.