Wilfredo, who is 54 years old, is a happy single man engaged in rice farming. He only earned PHP 15,000 net income last harvest in April. To improve his crop production, Wilfredo is asking for a loan to buy seeds and fertilizers and to pay for the labor fees of his hired laborers who transplant the young rice crop.
For 15 years in farming, Wilfredo tried his best to get a bigger income but due to typhoons and droughts, his harvest was being affected most of the time, especially if there was no available pump well to irrigate his crop when in drought.
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.