Anderson has four children who attend school. He is 47 years old, married and has a rice farming business.
Anderson and his wife are helping each other to keep their family out of poverty. They manage well their rice farming business as their primary source of income. Their profit from the business pays for their children's fees in school.
Anderson wishes to improve the business while he can manage it. He is requesting a loan of PHP 35,000 to buy fertilizer and rice seed to grow in his fields. He hopes to maintain the business and will continue to send his children to school until they are college age.
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.