Alfredo is 54 years old. He is a farmer in the Philippines and has been in business for the past 20 years. He was fortunate to earn 10,000 PHP from his last crop harvest. He hopes to increase both his revenue and his crop yield in the future and is requesting a loan in the amount of 25,000 PHP to buy seeds, fertilizers and pesticides. Alfredo said he aims to improve his family's standard of living. Through his untiring work in the field, he hopes to sufficiently provide the necessities of his family.
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.