Junie, 45 years old, is married, and they are blessed with five children. Three of his children are currently in school. Junie has been growing corn for almost 35 years. Last growing season his net income was 18,000 PHP. He's asking for a loan of 30,000 PHP to purchase fertilizers and seedlings for his farm. His future loans from KIVA would be very helpful to him as he sees the loans as the only chance for the development of his business and financial security.
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.