Cesar is 43 years old and is married to Maricel who had a retail store in front of their house. Cesar also grows rice for future merchandise in the store. They help each other in making their family achieve progress. Cesar had been in the farming business for almost 30 years. Cesar realized that through the years his farming business was not increasing its yield - he had constant production and income. He asks for a loan of P30,000 to buy farm inputs to use to improve his crop for additional net profits. He will buy three bags of rice seeds and six sacks of fertilizers and insecticides use in farming. With these inputs he knows that it will help increase his yield and someday help him improve his lifestyle.
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.