Renato, 38 years of age, is married and blessed with six children. He has a rice farm, which he has owned for almost 17 years. Last cropping, his net income was 30,000 PHP. He's asking for a loan of 25,000 PHP to purchase additional fertilizers. Future loans from Kiva would be invaluable to Renato who sees the loans as the only opportunity for progression of his agricultural business and financial security.
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.