Venerable has been raising rice for almost 15 years. He patiently manages his rice farming business because it's his family's main source of income. He is 34 years old and married.
Venerable desires to have a plentiful harvest this season due to many household expenses and expensive farm inputs. He and his wife work together to earn a living. He has a happy family that inspires him to strive hard to be able to acquire greater profits. According to him, his income last crop season was used in paying his obligation to traders who have high interest rates, so his income is no longer enough to buy farm inputs such as fertilizer, insecticides and herbicides to ensure the growth of his rice crop. For this reason, he is asking for a loan of PHP 20,000. He hopes to gain additional profit to make his living progressively and to save for the bright future of his only child.
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.