Reynato is a farmer who is raising his family in a village. He is 42 and has two school-age children. His goal in life is to improve their status of living and give his family a better life.
They plant corn and vegetables for sale. He aims to expand his corn plantation to increase his yields and income to help him to support the education of their children, who are now at college level. He want them to earn a degree so that they will find a good job someday. Despite financial difficulty, they are striving hard to satisfy their family needs.
Due to inadequate capital, he is asking for an additional PHP 15,000 to buy corn seeds, fertilizers and pesticides and pay the labor cost required in planting corn. He believes that this loan will help him to work out his plan. He hopes that his patience and hard work will give him a plentiful harvest.
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.