Julie is 47 years old and lives with his wife and children in the province of Isabela. He has been a farmer for 20 years. Together with his wife, he plants and harvests rice for sale. His business earns PHP 20,000 every harvest season. His wife has also managed their hog-raising business for five years. The most tiresome part is clearing the piggery and taking care of the hogs day after day. They both work hard to meet their family's daily needs and to give their children daily allowances. At this time, Julie is requesting a loan of PHP 35,000 to purchase rice seedlings and fertilizers for his farm. He hopes that he can get the amount he has requested, and he promises to repay the loan on time.
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.