Elmer is a 43-year-old farmer from the village of Burgos province of Isabela. He is married and lives with his wife and two school-aged children. The only source of income for the family is agriculture. The family has a 4-hectare plot of land. The family sells harvested crops to the local market. The total average monthly income of the family is around 5,000 PHP.
Elmer requested credit for renting a tractor for land cultivation and for purchasing seeds. After proper cultivation and sowing quality seeds, the family will get a good harvest in the summer season. They will sell it for a good price and get their planned income. The family hopes that increased income will allow them to make some savings for house renovation, in order to fix up their old house and create better living conditions.
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.