Dominador is a father who owns and manages a rice farming business in his community. This is the main source of his family's living. He aims to improve his farming business and to earn a sufficient income to satisfy his family's needs and finance the education of his three children. He wants his children to earn a degree so that they will be employed someday. Due to financial difficulties, Dominador wants to ask for an additional capital of P15,000 to buy fertilizer, pesticides and pay the labor cost incurred in planting rice. He mentioned that the loan will help him improve his rice farming business and he is hoping that he will become successful in the future.
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.