Cayetano is 49 years old, and is married with three children. He is a farmer who has owned his rice farm for almost 20 years. He's asking for a loan of 30,000 Philippines pesos to purchase seedlings and fertilizer for his farm. He feels glad that his income from farming is enough to support his immediate family. He hopes to continue to access loans in the hope that he will be able to achieve his dreams for his family through patience and hard work.
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.