Jaime is 51, married, and has two adult children. He is a hard working father who owns and manages a rice farm business in their village, and usually earns a profit of only P23,000 in every harvest season. He aims to increase his yields and income for he wants to save for future emergencies, and put up a grocery store in the future for his wife to manage.
Due to financial difficulty, he is asking for an additional capital of P20,000 to buy seeds, fertilizers, pesticides and other expenses incurred in planting rice. He mentioned that through this loan, he will be able to expand his plantation and manage it well. He hopes that through patience and hard work, he will increase his yields and make his business grow.
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.