Severino is 50 years old and is married with three children. He has been energetically farming in the village where they are living for over 20 years. His farm produces almost 25,000 PHP with every harvest. His wife also sells vegetable for their additional income. They both work hard to give their children a good quality of life.
Now Severino has requested a loan of 20,000 PHP from ASKI to buy seedlings, fertilizers and insecticides for his rice field. Severino hopes to grow his business and harvest more rice to sell. He expects major changes in his family’s living standard.
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.