Romeo is married. His wife is a housekeeper. Although he hoped to have a child with his wife, Romeo was not blessed with any children. At the age of sixty-one, Romeo is getting old. His dream is to have good health and to make some savings for the future emergencies that will happen to him and to his wife.
Romeo has been running a rice farming business in the Philippines for twenty-five years. He always does his best to ensure that his crop is in good condition to get high yields. The risks he encountered in farming are drought, pests, typhoons and floods, all of which have an impact on how much he can earn.
Romeo is requesting a loan of PHP 27,000 to buy seeds, fertilizers and insecticides for plant care. Applying all of this in farming will have a positive result on his production and will allow him to gain a higher income. He hopes to attain his dream while he runs his rice farming business.
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.