Artemio is 29 years of age, married and has no children. He is a farmer in their community and he has been operating his farming business for over 8 years. He wants to save for his future children. For this reason Artemio is in need of additional working capital to make good his farm. He is asking for a loan amount of PHP15,000 to buy seeds, pesticides and fertilizers. Hopefully, this time he can yield much so that he can save for the future of his family as well as for his business.
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.