Wilfredo is a rice grower who lives at Palao with his wife and children. He has five children. Three of them still attend school while the rest have their employment already.
He has a farming business that he has operated for 20 years now. He plants and harvests rice and sells the crops to traders for profits. He is happy to gain about PHP 20,000 each harvest season, twice a year. His income goes for meals, allowances for his children and medicines for his wife, who has an illness.
He is now asking for a loan of PHP 30,000 to buy six bags of UREA (fertilizers) and insecticides used in farming.
In the future, he hopes to keep producing good crops to harvest so that he will earn more profit. If this happens, he will achieve financial stability.
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.