Bernard is 26 years old and newly married. They live in a rural community, planting and harvesting fruits and vegetables for sale. He has been a farmer for almost five years earning a profit of PHP 9,000 a month. He utilized his income for their daily consumption and other expenses at home. His goal is to earn a higher income to build their own house and save for their future. Despite financial difficulty, he has the determination to improve their status of living. He planned to expand his vegetable production to ensure higher production. He is asking for additional capital of P10,000 to buy fertilizers and pesticides needed in vegetable production. Through patience and hard work, he believes that he will be able to make an improvement in his farming business. He hopes that someday, he will become financially stable as he continues to work and strive harder.
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.