Wilfredo is a responsible father who owns and manages a rice farming business in his community. He is 50 years old and has two grown-up children. He aspires to educate his children and give them a better life.
Despite the hardships Wilfredo faces farming, he has the determination to improve his farming business and increase his yields. He has been a farmer for almost 25 years, earning a profit of 25,000 PHP in every harvest. He utilizes this income to meet the family’s daily expenses and to pay his children’s school fees.
To improve his farming business, he is requesting a loan in the amount of 50,000 PHP to buy fertilizers and pesticides and to pay the labor cost incurred in transplanting rice seedlings. He believes that this loan will enable him to increase both his yields and his income as he continues to work hard and strive harder.
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.