Rey has been engaged in his rice farm business for eighteen years and he usually earns P27,000 every crop season. Rey is willing to work hard every single day to lift his family out of poverty. Rey is married to Elmira who helps him manage their farm. According to him, through the income generated from his farm business, he is able to support his family’s needs and to be able to continue sending his children who are currently in school.
At the moment, he is requesting a loan of P50,000 to buy seeds and fertilizers to sustain his rice production. He hopes that he can get the amount he requested to further develop his business.
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.