Danilo is 56 years old and is married with two children. To make a living, he owns and operates a farm, raising crops. While not the only means of generating revenue, the main source of income for the business comes primarily from planting and harvesting corn. Danilo has been engaged in his business for over 30 years and earned approximately 80,000 PHP with his last crop.
At this time, Danilo wants a loan of PHP 30,000 to purchase seeds, fertilizers and insecticides for his corn farm business. He dreams that his business will become more productive so he can give his family a progressive standard of living.
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.