Leonardo is a father who has aimed to become successful in the future. He is 46 years old and has five school-age children. He has been a farmer for almost 18 years, planting and harvesting fruits and vegetables for sale. He has aimed to increase his income to satisfy his family's needs and finance the education of his children. Due to a financial burden, he planned to expand his banana plantation to increase his production. He is asking for an additional capital of 20,000 PHP to buy fertilizer and pesticides for the maintenance of his crop production. He mentioned that through this loan, he can be able to plant more fruits and vegetables for sale. He is hoping that someday, he will have a fruitful harvest and give his family a better life.
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.