Jomar, 46, is married and lives with his three children and his wife, who are his main priority. With this loan he plans to buy supplies for his rice crops. He has some empty land that has nothing planted on it, and so he will plant rice there to use the land and derive benefit from it. He wants to plant his crops under good conditions so that he can take maximum advantage of the land.
Jomar is requesting a loan of P 40,000 to buy rice seeds, fertilizer and pay some other farm expenses. His goal is to obtain the earnings he needs to get ahead and provide for the well-being of his family. He also wants to save to provide for his family's security in the future.
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.