Eugenio is 37 years old and is married. He lives with his wife and two children, which are his priority in life. Eugenio has fertile land on which he plants rice. Eugenio is an experienced farmer and has been in rice production for 10 years. According to him, he needs to provide maintenance to his crops so that he can produce more sacks of rice and can sell to traders.
He is now asking for a loan of 30,000 PHP to buy inputs for growing rice, such as fertilizers and insecticides.
In the future, Eugenio hopes to earn money for the college education 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.