Wency is a 34-year-old married man with two children. His primary business is raising rice for ten years. Wency's wife is a store owner. He is really blessed because his wife is supportive in improving their businesses. Aside from his farming business, Wency is also engaged in motorcycle transportation.
Wency plans to buy farm supplies such as fertilizer, insecticides, and herbicides, and some amount will be used to buy gasoline to improve his farming business. He does not have enough capital. In this regard, he is asking for a loan amounting to P30,000. He hopes that he will be able to raise better crops this next crop season so that he could gain a plentiful yield. In this way, he could provide all his family needs and support the education of his two children.
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.