Jackmar is a farmer who is raising his family in a village. He is 41 years old and has two school-age children. As a responsible father, he aims to improve their living status and give his family a bright future.
To earn a living, he planned to plant more vegetables for sale. He has been in this business for almost 15 years and usually earns a profit of 18,000 Philippines pesos in every harvest season. He utilizes his earnings for the family's daily consumption and the allowance of his children in school.
To improve his farming business, he is asking for an additional 20,000 Philippines pesos to buy fertilizers and insecticides needed for the maintenance of his vegetable production. He believes that someday, he will increase his production and income as he continues to work hard and strive harder.
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.