Eduardo is 43 years old and has been cultivating a one hectare rice field for six years. He plants and harvests rice to sell. Rice farming is Eduardo's primary source of income.
Eduardo lives alone. He is single and has no family to sustain. But according to him, he still wants to improve his farming business for an additional income. He is now asking for a loan of P10,000 to buy urea (fertilizer) and hybrid seeds to grow.
In the future, Eduardo would like to keep earning funds to use in times of emergency, especially when he gets old and weak.
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.