Alex is a small farmer living at Nabbotuan with his wife and four grown-up children. One is still pursuing a college degree. From the farming business, he acquires about PHP 15,000 during harvest season twice a year.
He is now asking for a loan of PHP 22,000 to maintain good crop growth. He will buy six bags of UREA (fertilizer) and pesticides to use in farming.
Alex hopes to achieve a plentiful harvest every harvest season to save funds to use in times of emergencies, especially because he and his wife are getting weak and old.
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.