A very hardworking and loving father, Joaquin is a 48-year-old married man living with his wife and children. He started working as a farmer 15 years ago and specializes in cultivating rice. Some of his children are still attending school, and this is the reason he was obliged to do this job in order to pay for the hefty life expenses. Today, he is applying for a loan of PHP 15,000 to purchase seed and fertilizer for his farm. In the future, he plans to diversify his business operation and start cultivating different types of vegetables and fruits.
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.