Farming has been the business involvement of Albert. He is 30 years of age and still single. Albert did not finish his studies due to lack of financial support. At his very best, he helps his parents in generating income to satisfy their daily basic needs.
Albert would like to apply for his second cycle of loan, amounting to PHP 40,000, allowing him to buy farm inputs for his raised corn crops. He hopes to keep producing healthy corn crops to earn bigger income so that, when the next planting season comes, he will have the capital to use in re-planting his corn field.
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.