Roger is 49 years old, married, and has five children. He raises his family through his income from his farming business. Two of his children still attend school and need daily allowances.
Roger had been planting and harvesting rice to sell for more than 10 years now. He usually earns about 15,000 PHP each harvest season, which occurs twice a year. He aspires to increase his yield, so he is borrowing a loan of 20,000 PHP to buy fertilizers and insecticides used in farming.
With proper attention to his farming business, Roger is confident he will achieve good profits and earn money for his children's education.
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.