To make a living, Edwin runs and operated his two hectares of rice field. His priority is to improve his financial stability and improve his way of living. His children have settled in marriage and have their own families. Edwin is a widower. Despite his status in life, still he works hard to cover all his household expenses.
Edwin is in need of additional working capital due to the high cost of farm supplies needed in his agricultural business. For this reason, he is requesting a loan in the amount of PHP 40,000. He hopes that his requested loan will be granted so that he can further improve his rice crop production. In this way, he can save some amount for his emergency purposes since he is getting old already.
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.