Renato is from the village of La Paz. He is 48 years old and married with seven children. His wife manages their hog-raising business for their extra income. Renato has been engaged in rice production for almost 20 years. He earned approximately 50,000 Philippine pesos (PHP) from his last crop. They worked hard to provide for their needs and give their children a good quality of life and to be able to send them to school. Now, he is requesting a loan of 30,000 PHP to purchase seed and fertilizer for his rice production. He hopes that he can get the amount he requested.
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.