Edwin has been a farmer in his village for 3 years. Within these years of operating his corn field, he has been able to provide the needs of his wife and one child. But because of a typhoon encountered by his business, he did not earn enough funds for him to lift up his business. For this reason, he is requesting a loan amount of 18,000 PHP to purchase farm inputs he needs such as corn seeds, fertilizers, pesticide and to pay for labor costs.
He hopes that he will be lucky to yield abundant crops by this season in order to pay for his obligation. He would then also save for the growth of his family and for their security.
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.