Edgardo is 45 years old, married to Imelda, and together they raised their three children. Edgardo is a farmer working in the Philippines and earns PHP 13,000 each cropping season. He is asking for a loan of PHP 12,000 to purchase seeds, fertilizers and insecticides necessary to ensure a better yield. Edgardo raise crops, primarily planting and harvesting rice to sell. He has been doing it for 10 years. In the future, Edgardo hopes to educate all his children and have a brighter 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.