Hizon is a hard working father of three children. He is a farmer planting rice in the Philippines. His wife is a housekeeper and his partner in managing their rice field. At the age of 51, Hizon still has the eagerness to manage his farm.
Through his earnings from farming, Hizon is able to send his children to school. Now Hizon is happy that all of his effort have produced good fruit. His children are now holding degrees and are able to help him financially, even in small amounts. Hizon wants to maintain his farming business. He doesn’t want to rely only on his children to provide for the needs of his farm. Hence Hizon is asking for a loan of 50,000 Philippine pesos (PHP) to buy seeds, fertilizers and herbicides.
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.