Jhonny, a 32-year-old married father of three children, two of whom are attending elementary school, became a farmer after high school and would like to increase his crop production to provide economic stability for his family. Now requesting a loan of P30,000 to buy fertilizers, insecticides, and pesticides for use on his farm, he aspires to give the best education possible to his children as his legacy.
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.