At 47, Patricio has been engaged in the rice farming business for almost 20 years. He is married and has three school-aged children. Patricio's wife is his only partner in managing the business. They need to work harder to send their three children to school.
Patricio is asking for a loan of P 20,000 to buy fertilizer, pesticides and seeds for rice production. He hopes that he will reap a large volume of rice to increase their income that will be used for food and their children's studies.
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.