Nestor is 49 years of age, married, and blessed with five children. He has been a farmer for over 15 years. He usually plants rice and sells it when he harvested. His aspiration is to improve the quality of living for his family, but because of insufficient profits, he has not been able to provide what he aspires to.
Nestor is asking for a loan of P15,000 to buy fertilizers, insecticides and seeds, and to pay for the labor costs needed in planting rice. He knows that this loan will help his business to produce a bountiful harvest as long as he accompanies it with hard work. Then it will surely lift his family out of poverty.
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.