Bernabe is 51 years of age and is married. He has three grown children. He is a farmer who dreams of increasing his rice production so that he can generate greater profits every crop season. He has been spending his income on his family's daily needs, such as commodities and food allowances which means that they are very quickly consumed.
Now he is requesting a loan of PHP 20,000 to buy seeds, fertilizers and insecticides for use in his business. He hopes to yield better crops through his purchased inputs for the improvement of their living situation.
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.