Florencio is a father of three school-aged children. His spouse is a housewife. He is now 44 years old.
Florencio is a simple farmer working in the Philippines. He wants a loan amount of 27,000 PHP to acquire farm inputs needed in his farming business such as fertilizers, rice seed and insecticides. Florencio will also use some of the loan to pay the labor fees of his hired laborer in sowing, pulling and transplanting rice in the field. In the future, he will exert his best effort to increase his farming income so that someday his family will become economically stable.
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.