Noly strives hard to improve his living conditions. He is 40 and is married, with three children. He is a farmer, and plants three hectares. Noly is able to earn about PHP 5,000 per cropping season. The income generated goes immediately to the family's daily needs, and the allowances and school fees of the children.
Noly is thankful because his wife helps him in cultivating their corn field. The couple wants to send their children into higher level of education, since they didn't finished their studies. Noly has been doing his part as father to earn a living.
Noly is requesting a loan of PHP 27,000 to purchase seeds, fertilizers, and herbicides, and to pay for labor and preparation of his farm land. He hopes that he will receive his requested loan so that he can use it wisely for the future of his children and the improvement of their 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.