Leonardo is a farmer living in the Philippines. He is raising crops, primarily planting and harvesting rice to sell. He is married and has three children attending school. He would like to improve his farming practices and his output but he needs additional capital. He is now borrowing a loan of P20,000 to buy fertilizers and insecticides used in farming. This will help ensure proper growth of crops in his rice field.
Someday, with good profits from the business, he will attain a successful life for his family.
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.