Jesus is a farmer living at Lanna with his wife and children. He has been raising crops, primarily planting and harvesting rice to sell. He usually sells his crops to traders in his village and earns about PHP 20,000 twice a year (during harvest season). His income is just enough to sustain his family's needs for meals and allowances.
Jesus hopes to increase his income. To achieve this, he needs to improve his crop production to earn higher profits upon harvest. As a result, he is asking for a loan of PHP 38,000 to buy fertilizers, insecticides, and pesticides for use in farming. These inputs will help maintain his farming business. He hopes to achieve a plentiful harvest and keep earning funds to pay 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.