Romie is 47 years old and married with three school-aged children. Romie is a farmer working in the Philippines and earns PHP 30,000 per harvest. Romie is asking for a loan of PHP 27,000 to purchase fertilizers and other farm inputs. Romie has been growing rice for almost ten years. In the future, Romie hopes that his farming business will be more progressive and support the increasing needs 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.