Rodolfo owns a hectare farm plot where he grows rice. He has cultivated this farm plot for almost 34 years and he is thankful that he is able to improve the growth of his rice crop and increase sales.
Rodolfo is now requesting a loan of PHP 27,000 to ensure proper nutrition of his rice crop and the farm plot. He will use this loan to pay for land preparation and buy farm supplies to keep producing plentiful crops upon harvest time. In this way, he could earn enough profits to improve his standard of living.
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.