Rice farming is the primary source of income on which Alexander and his spouse rely for a living. He has been managing a farming business for over 10 years now and earns about PHP 15,000 during harvest season. Alexander is now 37 years old, married, and has one child who he is sending to elementary education.
He wanted to improve his income so he is now asking for a loan of PHP 18,000 to buy fertilizers and insecticides used in farming. This will help maintain healthier crops and will increase crop production. Alexander is praying that he will have an abundant harvest and will earn more funds to invest in buying hogs to raise which will serve as additional source of his income. Some day, Alexander hopes to become a successful rice grower in their village which will be good for the overall welfare of his family.
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.