Edgar is an experienced entrepreneur and has been growing corn crops for 13 years. He is married to Margette who is a business-minded woman. Edgar is thankful because she helps him cultivate the farmland. She also works in their grocery store where she sells different kinds of groceries. Edgar sells his harvest at the local market.
He is requesting a loan of 27,000 PHP to expand his business. He will buy farm inputs to treat the land in order to generate more income for his family needs. Though he suffers hardships in maintaining his farming business, he does his best to make it more profitable. He hopes to improve his family's living conditions and to educate his children through the financial assistance he gets from all the KIVA lenders.
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.