Matusalem is 39 years old and is married. He earns a living by growing rice in the Philippines. Benites is borrowing PHP 25,000 to buy fertilizers and other farm supplies. Matusalem has been farming rice for 12 years and earned approximately PHP 35,000 last crop season. He is working tirelessly toward the attainment of his dream: to save money to expand 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.