Edgar is 33 years old and is married with one child. He is a farmer working in the Philippines and has been growing rice for the past five years. Edgar's wife manages their hog-raising business to provide additional income.
Edgar is requesting a loan to buy farm inputs such as fertilizer and rice seedlings. He hopes to increase his profits so that he can sustain the financial needs of his family, improve their standard of living, and save money for future emergencies.
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.