Rafael is 29 years old. He is married to a housewife and has two children. When Rafael was young, he helped his father plow his rice field and transplant seedlings. Today he applies his extensive experience in farming on his own land. He wants to ensure a good harvest so he works hard in the field every day.
Because of insufficient funds, Rafael is requesting a loan of PHP 35,000 to buy five bags of urea (a fertilizer) and two liters of Karate (a pesticide) to help sustain his crops.
Rafael aims to save enough money to send his children to college someday.
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.