Wilson is a farmer who lives in a village. He is a single parent who owns and manages a rice farming business in their community. He aims to improve his rice farming business to earn and save for his and his child's future. He plans to expand his rice plantation and raise livestock to increase his income. Wilson has been operating his farm for almost 6 years and usually earns a profits of PHP 18,000 every harvest season, which he utilizes for their daily consumption and save for their future.
To increase his production, Wilson is asking for an additional capital of PHP 15,000 to buy fertilizers and pesticides needed for the maintenance of his rice farming business. Through patience and hard work, he believes that he will be able to increase his yields this coming harvest season.
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.