Reynaldo lives peacefully with his family in their village. He has three school-aged children. Reynaldo is proud of being a farmer. He plants rice in the Philippines. He has been in this business for almost 26 years.
Reynaldo’s business serves him as a source of income. His profit from the business mostly goes for his children's fees in school and household expenses. Reynaldo has difficulties in providing farm inputs needed in rice farming because his priority is his children's education.
Renaldo is asking for a loan of P27,000 to buy rice seed, fertilizers, herbicides and insecticides for plant care. He wishes to get a better yield and gain higher income to supplement his family's needs.
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.