Abraham is 50 years old and married with two children. He is in the business of farming and has been operating since 1980. He is very active and earns about P30,000 every crop season. But when he contracted polio, he neglected his business and was in trouble due to expenses for his medication. Despite his challenges, he hopes to prevail. With God’s mercy, he overcomes his difficulties.
Now that he has come through such a dilemma, he continues his farming business. The truth is, he is asking a loan of 25,000 pesos to purchase seeds, fertilizers and insecticides to use to improve his business. He hopes to gather a good harvest in the next crop season and with the profits from the loan, he will be able to save for emergency purposes and pay his younger child's school fees.
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.