Urbano desires a better quality of life for his family. He patiently strives to work his farm just to feed his children. Urbano is 46 years old and married with four children. He is a farmer, planting rice in their village. He has been in this business for 26 years. He earns approximately PHP 60,000 per crop, and he uses his income for allowances for his school-age children and for household expenses.
Urbano needs to replant to provide a continuous source of income for the family. He needs financial assistance in order to continue operating his farming business. Urbano has requested a loan of PHP 35,000 to buy rice seeds and fertilizers and herbicides for plant care. He hopes to continue operating his farm for the rest of his life.
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.