Leonardo, age 47, is engaged in a farming business. For the past year of operating his farm, he has been able to master essential methodologies and to continue learning new adaptations to keep pace with modernization in the agricultural sector. However, his crops were destroyed by storms resulting from the unexpected typhoon that entered the province where he lives.
For this reason, he is asking for a loan in the amount of PhP 15,000 to buy corn seeds, fertilizers, and insecticides. With these inputs, he can improve his business. His goal is to lift his family out of poverty and improve their standard of living. Moreover, he is determined to provide sufficient financial support for the education of his children.
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.