Renato, 49 years old, is married and blessed with seven children. He has been growing corn for almost 25 years. At the last cropping, his net income is 35,000 PHP. He is asking for a loan of 30,000 PHP to purchase additional farm inputs for his corn farm such as seedlings and fertilizers. He would like to continue taking loans and hopes Kiva lenders will extend their assistance to him in the future.
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.