Bernard has been involved in the agricultural business for almost twelve years. He is happy because he is able to manage his one hectare of rice fields. Bernard enjoys his farming activity, so he is determined to improve his rice production. He is a young farmer and yet still single.
Bernard's main priority is to prepare his farm land properly so that he can obtain a good rice crop. Though he feels pain through the sun's heat still he endures it because he would like to help to provide for his family's living.
Bernard would like to purchase farm supplies such as certified seeds, fertilizers, insecticides, herbicides and payment towards the labour costs of tilling the farmland and transplanting crops to rice fields but his income is not enough to afford this. So, for this reason, he is requesting financial assistance amounting to PHP 40,000. He is hoping that this amount will help him to increase his yields and generate greater income to provide the basic necessities and save some money for security purposes.
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.
A loan of $925 helped Bernard to purchase farm supplies such as certified seeds, fertilizers, insecticides, herbicides and payment towards the labour costs of tilling the farmland and transplanting crops to rice fields.