Tristan is the second child in the family. He did not finish his studies due to lack of financial resources. He belongs to a family whose main source of income is a farming business. Though he didn't finish his studies, he is still grateful because he is able to run his family's farm.
Tristan's priority is to earn a bigger income to sustain his family's basic needs, improve their house, and send his niece and nephew to school. To make his dream happen, he would like to take out a loan amounting to PHP 50,000, allowing him to buy farm inputs that will be used to increase his rice crop production. He believes that, in this way, he can earn greater profits which will serve his family's needs and provide capital for the next crop season.
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.