Richard is a farmer living in the Philippines. He plants and harvests rice to sell. This is the business he inherited from his parents because he had only finished high school. He wasn't able to seek employment; that is why he is only involved in this kind of business.
Richard is now 32 years old and keeps growing rice to earn an income for the sustenance of his family. He has one child.
He is now asking for a loan to make improvements on his output. He is asking for 12,000 Philippines pesos (PHP) to buy rice seeds and fertilizers used in farming.
Richard would like to keep saving funds for the college education of his only child so that someday, he can earn a degree and seek good employment.
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.