Ricardo is 41 years old. He is married and has four children. He has been involved in his farm business for 20 years. He has three hectares of land where he grows rice. He sells his harvest to traders and earned about 40,000 PHP last crop season. The income will then help him to cope with the needs of his family and give his children a higher education.
Ricardo wants to obtain a loan in the amount of PHP15,000 to buy farm inputs such as fertilizers and rice seedlings. He hopes that he can get the amount he requested to further growth of 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.