Anastacio is very industrious and a loving father. He has four children, two of whom are in school. His wife is a fruit and vegetable vendor. They help each other especially in financial matters. Anastacio has been a farmer for five years and earns PHP 2,000 each cropping. However, his income is insufficient to provide a better life for his family. This is why his wife found a way to help him. She buys and sells fruit and vegetables. Anastacio goes into the field everyday and has almost no time for himself. He works hard to earn enough income. He doesn’t want to let his family suffer. Despite his dedication, there are times that he encounters trouble and needs help. He is suffering from financial problems and needs additional capital to operate his business. That’s why Anastacio is requesting a loan of PHP 20,000 from ASKI. He will use this to purchase seeds and insecticide. He is very thankful that ASKI exists. He stated that ASKI is very willing to help needy people like him. He assures us that his business will improve and progress. He hopes that there are a lot more people that ASKI can help.
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.