Isidro is a farmer living at Estefania with his wife and four children. One of his children is still attending to school, while the rest have settled into marriage. He has been raising corn to harvest and sell for almost 10 years now.
Isidro would like to ask for a loan of PHP 23,000 to buy corn seeds, fertilizers and insecticides used in farming. This will help him to maintain the farming business and be able to yield more crops upon harvest.
With good profits, Isidro would like to start up a hog raising business as an additional source of income. This will allow him to boost up his revenues, leading to a better life someday.
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.