Eduardo is 51 years old. He is married and has three children. To make a living, Eduardo owns and operates a farm raising crops, primarily planting and harvesting corn. Eduardo has been engaged in his business for over 30 years and earns approximately 40,000 PHP with his last crop.
At this time, Eduardo wants a loan of PHP 50,000 to purchase seeds, fertilizers and insecticides for his corn farm business. He dreams that his business will become more productive so that he can give his family a progressive standard of living.
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.