Bernardo is married and has two children. He is a farmer in the Philippines, who is willing to do everything to lift his family out of poverty. He has been working in this field for 30 years and earns PHP 28,000 per crop season. According to him, with the income he has generated from his business he has been able to send his children to school. Right now, Bernardo wants to take out a loan of PHP 20,000 to buy farm supplies such as fertilizers and seedlings. He hopes that he can get the amount he requested to further expand his farm 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.