Melchor, 42 years old, is a widower with one grown-up child. Melchor is engaged in a farming business with the help of his son. According to him, he does everything for his son because he promised his wife that he would take good care of him. That's why he works hard to achieve his son's dreams. Melchor is requesting a loan of 25,000 PHP to buy fertilizer and seed for his farm. Melchor hopes that he can give his son everything he needs.
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.