Alberto is an industrious husband and father who operates a farming business. He devotes himself to this business because he wants to raise his family out of poverty. At his age of 43, he knows the difficulties, risks, and harshness in farming. But he keeps on working because this is the only source of income he has. Through his experiences, he now knows the things to do in order to develop his business. Now, he is requesting additional working capital in the amount of PHP 15,000 to purchase fertilizers, pesticides and to pay labor costs. These inputs will be a great help in developing 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.