Bannuar, 38 years old, has been a hardworking farmer for almost 12 years. He is separated from his wife due to family conflicts and unavoidable circumstances. Despite this, he aims to improve his rice farming business to support his two children. He wants them to earn a degree so that they will be employed someday.
To ensure high production, Bannuar is asking for additional capital of 15,000 Philippine pesos (PHP) to buy fertilizers and pesticides needed for his rice farm. Although sometimes there are natural calamities that come to destroy his crops, he has the strong determination to ensure high production. He hopes that he will have a fruitful harvest this coming season.
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.