Joseph is 49-year-old married man who is a farmer. He and his wife both perform farming activities to economize their expenses in hiring more laborers to cultivate their two hectares of corn field.
Joseph aims to increase his income, but due to another business he had, he was not able to finance his corn field. So he is requesting a loan of 30,000 Philippine Pesos (PHP) allowing him to buy fertilizer and insecticide to improve his corn crop production. This loan will help him to grow a healthier crop which will allow him to offer it at a better price.
In the future, Joseph hopes to keep producing healthy corn crops in order for him to earn greater income that will serve in providing his family's needs and educating his three children.
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.