Carlos is 43 years old and married with three school-aged children. He raises his family in a rural community where he plants and harvests rice and vegetables for sale. He aims to uplift his family's standard of living and to continue to send his children to school and give them a better future.
Carlos plans to expand his plantation to increase his yields. However, due to insufficient capital, he is asking for an additional loan of PHP 10,000 to buy fertilizers and pesticides needed for his rice-farming business. He is hoping that his patience and hard work will bear good fruit some day.
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.