Rogelio is 46 years old and is engaged in a farming business. He wants to uplift his family out of poverty but with simple farming as a source of income it is difficult for him to achieve what he wishes for. In particular it is hard as he suffers from an insufficiency of funds to continue his business. However he is full of hope. He decided to request a loan of PHP 20,000 to buy rice seeds, pesticides and to use in paying for the labor cost of his co-farmers. Rogelio is hoping that through the loan, hard work and determination, his wish will soon be attainable.
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.