Arnel is a simple farmer in the village of Sta. Teresita. He supports his family through this source of income. For 15 years in this production, he can say that it has improved their poor lifestyle.
Arnel is doing his best to make developments every time he operates. Now comes again a season for sowing. He is seeking additional working capital in the amount of PHP 25,000 to purchase seeds, fertilizers and pesticides. He is hoping that, through the loan he avails, he can improve his farming business more in order to provide a good education to his three children.
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.