Edgar is 41 years old, married and has four children. Three of them attend school. To give sustenance for his family, he patiently raise crops to sell. He is a rice grower in the village where they live. From his two hectare rice field, he generates about 20,000 Philippine pesos (PHP) each harvest season (twice a year). It goes for meals, allowances and bills at home. Shirley, his wife, raises hogs as a business. Together, they work hard for the family's sustenance.
Now he is borrowing a loan of 50,000 PHP for maintenance of the farming business. He will buy eight bags of UREA (fertilizers) and pesticides used in farming. This way he will ensure good crop growth. He hopes to produce an abundant harvest to increase his earnings.
Edgar's main goal in life is to give the best education for his children and someday achieve a fortunate life for his family.
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.