Eduardo is married and has three school-aged children. To make a living, Eduardo owns and operates a business planting and harvesting rice to sell. Eduardo has been engaged in his business for over 10 years and earns approximately PHP 5,000 a month.
Eduardo is requesting a new loan of PHP 16,000 to purchase fertilizers such as manure and seeds to grow on his farm. He plans to use the additional revenue generated from the business to improve and expand his business.
In the future, Eduardo hopes that his farming business will improve in order to gain more profit and improve their living situation and ability to engage in business activities.
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.