Renante is 37 years old, married and has three school-age children. He finished his tertiary education but due to lack of job opportunities, he is engaged in corn farming to earn an income and support his family needs. Being a farmer is difficult, but he needs to work hard and strive harder for the sake of his family. He has been in this business for almost nine years and usually earns a profit of PHP 25,000 every harvest season.
Due to the high cost of commodities and school fees, he wants to increase his yields and income to satisfy their needs. He is asking for a loan of PHP 20,000 to buy seeds, fertilizers and pesticides and to pay for the labor required in corn production. He hopes that the loan will help them to increase their yields. He mentioned that hard work and strong determination will makes his dream comes true.
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.