Delfin is a 44-year-old married man with two children living in a permanent house in Minallo in the province of Isabela. He has been growing and selling rice since 1991. When he started, he was producing 50 sacks of rice, but now he produces 150 sacks. He faces the challenge of high labor costs. His dream is to diversify his business by growing more crops, and to educate his children. Delfin is requesting a loan of 30,000 PHP to purchase fertilizer and seed for his farm.
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.