Romel works hard to further support the needs of his two children. He is 35 years old and has been engaged in the farming business for over six years.
During planting season, Romel has encountered a lack of financing to sustain his farm needs. He can’t start his farming activities because of financial difficulties. Now, Romel decided to borrow a loan of 45,000 PHP to buy farm inputs like seeds, fertilizers and pesticides. He hopes to start his farming activities early and will harvest his crops early as well.
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.