Orlando has been a farmer for nearly 15 years. He patiently manages his corn field to provide for his living expenses. Orlando is 39 years old and is married. He and his wife have been blessed with six children. He dreams of improving his farming business so that he can send all his children to a higher level of education and improve their standard of living.
Orlando only generates an income of P25,000 from cropping due to his obligation to the traders where he gets his farm inputs. According to him, his profit is not enough for his family because of the expenses for tuition fees and household expenses.
He would like to ask for financial assistance in the amount of P27,000, which would allow him to pay for the labor costs of transplanting and plowing the corn field as well as to buy farm inputs to maintain his farming business. Through his requested loan, he will no longer be subject to high interest rates. Also, he could minimize his expenses because he will not be paying high interest rates. In this way, he could save some money and improve his family's living conditions.
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.