At the very young age of 20, Erwin engaged in planting and harvesting rice for future sale. He has been doing this for over a year. As a farmer working in the Philippines, he earns the average of 60,000 PHP (~$1410) every harvest season. He plants and harvests rice twice a year, every April and November.
Erwin is asking for a loan to buy farm supplies such as seeds, fertilizers, pesticides and insecticides for his farming to improve his crop production. In the future, he hopes to strengthen his business and generate more income from farming to maintain economic stability.
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.