Gregorio is 59 years old and blessed with nine children. He wants his children to pursue their studies so they can earn their degrees and become professionals someday. But nowadays, it is difficult for him to finance their education due to the high cost of commodities, school fees, and transportation. To lessen his burden, his four children have volunteered to stop attending school so they can help him with his business.
Gregorio wants to improve his farming business in order to provide a better standard of living and earn enough income to support the education of all of his children. Due to financial constraints, he is asking for a loan in the amount of PHP 15,000 to buy corn seeds, fertilizers, and pesticides to improve his crops. He believes that through patience and hard work they will make the business practical and profitable in the future.
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.