Fernando operates a farm for a living. According to him, he only finished elementary school. Fernando is now 53 years old and is married to Cleofe. This couple is blessed with two children who go to school.
Fernando and his wife both perform farming activities to economize on hiring laborers. Now, he would like to increase his income to be able to support his children's education.
Fernando has successfully repaid his previous loans from ASKI. So, he is requesting a new loan of PHP 18,000 which will be used to buy farm supplies and to pay for hired laborers in transplanting his one hectare of rice field. He is hoping for continuous access to financial services coming from Kiva lenders and ASKI so that he can improve his family's financial stability and obtain better crop production.
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.