Due to financial difficulty, Cristobal is engaged in vegetable production in their village to generate income. He is 30 years old and still single. He mentioned that he needs to prepare his future before he gets married, because he knows that having a family is a great responsibility. At this time, he is also helping his parents to finance the education of his younger brothers and sisters.
He is requesting a loan of PHP 15,000 to buy seeds, fertilizers and pesticides for his vegetable production. He believes that through this loan, he can raise more varieties of vegetables to sell. He hopes that in the future, he will become financially stable.
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.