Solomon is 32 years old and still single. He earns about PHP 40,000 for every crop harvest. He is so grateful because of his sacrifices and hard work; his rice farming business is improving.
Solomon grows rice and has been doing it for 2 years. In order to make his business more productive, he is asking for additional capital of PHP35,000 to buy fertilizer, insecticides and payment for some helper in their farm. He hopes that his loan request will be approved. The loan will be very helpful in gaining his income and saving some funds for his 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.