Manuel is a responsible father who owns and manages a rice farming business in his village. He is now 53 years old and has two school-aged children. Despite the hardships of living, he has the determination to improve their standard of living and to educate his children. He has been a farmer for more than 30 years and usually earns a profit of 25,000 PHP in every harvest season. He uses his income for their daily living expenses and allowances of their children in school.
Due to the high cost of commodities and school fees, he needs to increase his income to cover his family's needs. He planned to expand his rice plantation to increase his yields. He is asking for a loan of 20,000 PHP to buy fertilizers and insecticides needed for farming rice. He believes that through patience and hard work, he will make an improvement in 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.