Rodrigo is a father of five children. He is engaged in a corn farm business. He has been in this field for five years and earns 38,000 Philippines pesos (PHP) every harvest season. He works hard to give his children a good quality of life and lift them from poor living conditions. At this time, Rodrigo wants a loan of PHP 40,000 to buy corn seedlings and fertilizers and to pay for labor cost for planting. He hopes to grow his business and harvest more corn to sell.
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.