Dennis, a 34-year-old single man, has been growing rice for five years, earning about PHP30000 per cropping. Because of insufficient capital, he is requesting a loan of PHP27000 to buy farm supplies such as seeds, fertilizer, and pesticides. Dennis is confident that this loan will enable him to increase his income and improve both his business and his standard of living.
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.