Luis is a rice grower at Liwan Sur. He had been doing it for 20 years as his business. Luis is now 52 years old, married and has two grown-up children. Through his income from the farming business, he has been able to sustain their education needs.
Luis is now asking for a loan of P50,000 to maintain his farming business. He has insufficient funds now because his income from the last harvest went for paying additional laborers who helped him plow the field, plant and harvest rice to sell. From his loan, he will buy to buy seeds to grow, fertilizers and insecticides to maintain healthy crops to harvest.
Someday, though he has experienced a lot in his business, he still aims to improve his farming practices for better crop production, thus meeting his goal for his family's economic stability.
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.