Noel is a 30-year-old married man who has been blessed with two children. For a living, Noel has been engaged in the agricultural business for eight years. He particularly grows rice crops on his farm land. Noel works hard to support the needs of his family.
Noel and his wife do some of the farming activities to minimize their expenses in hiring laborers. However the budget they saved for the next preparation of his rice field is not enough. For this reason, Noel is asking for a loan of PHP 40,000 to buy supplies to improve the farm land and growth of rice crops, such as fertilizer and medicines.
He hopes that through providing complete medicines and fertilizer to his crops, he will gain a plentiful harvest. Noel also prays that he can support the educational needs of his children.
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.