Juanito is a responsible father whose priority is to improve his family's living condition and let his children finish their studies. He is 34 years old, married and has three studying children.
Juanito has been running his rice fields for fourteen years and he only earnt PHP 20,000 last crop season. He used his generated income for his family's daily needs, his children's allowances and feed for his raised hogs. He realized that his farming business requires greater capital input for him to maintain a good harvest. In this regard, Juanito is requesting a PHP 30,000 loan, which will serve as his additional working capital at his farm. He will be using this loan to purchase seedlings, fertilizer and insecticides to improve his rice crops and farmland.
Jaunito hopes to make his business more profitable despite the hardships and difficulties he encounters in maintaining his agricultural business.
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.