Larry is 38 years of age, married and blessed with two school-aged children. He is planting rice crops on his five hectares of farm. He has had this agricultural business for almost 20 years. Larry would like to improve and maintain his rice fields but his income is not enough due to his family household expenses. He is glad to see that his business grows although he experiences hardships.
Larry would like to ask for a loan amount of PHP 30,000 which will be used to buy farm inputs such as fertilizer, herbicides, insecticides and seedlings for his rice fields. He hopes that he can receive the amount that he has requested so that he can send his children into a higher level of education and save some for his family's future. He believes that through his efforts, dedication and additional capital he could be a successful farmer someday.
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.