Aurelio is 37 years old. He is a father of two children and married to a housekeeper. He engages in a farming business in the Philippines. He has been in the business for 27 years.
At present, Aurelio is encountering financial difficulties. He is having a crisis in providing for his needs in farming. Thus, Aurelio is asking for a loan of PHP 40,000 to buy fertilizers, seeds, and herbicides for his farm. He hopes to manage the business well and get better yields for higher income.
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.