To make a living, Emmanuel plants and harvests rice crops to sell. He has been in this business for five years and earns approximately 18,000 PHP seasonally. Emmanuel is young and single. He joined ASKI to access financial services to help him improve his living situation and enable him to gain greater profit.
Emmanuel is requesting a 27,000 PHP loan to buy farm inputs and pay labor costs to prepare his land and transplant one hectare of his rice field. He believes that his loan will make his farm more productive and profitable. Emmanuel hopes to save some funds to serve as capital for the next crop 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.