Franklin is a forty-one-year-old married father of four children. Franklin manages a two-hectare rice field in his village. He wants to take a loan of PHP 50,000 to buy rice seeds and fertilizers to put on his crops so he will have a better yield. The loan will be a big help for him in obtaining the farm inputs needed in his farm. Franklin hopes to get a better yield from this crop and gain higher income.
In the future, Franklin wants to see his children finish their education thanks to the profits he will make from farming. He hopes to develop his expertise in farming and maintain the business while managing it.
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.