Bernard believes that his hard work will enable him to improve their living status because he is living with his parents.He is 28 years of age and single.
Bernard has been a farmer for almost 12 years, with the long period of cultivating his one hectare of rice field, he is able to support his family needs. Poverty has pushed him to strive hard to succeed. He would like to improve the growth of his rice crop and with the farm plot to be able to obtain plentiful harvest this next crop season.
So, he would like to provide necessary farm inputs such as fertilizer, herbicides and insecticides but his capital is not enough due to the high cost of basic commodities and expensive price of said farm inputs.To realize his goals, he is asking for the loan amount of P40,000. He hopes that he can access financial services continually to further cover his family needs and save some for emergency purposes.
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.