Jhonny's livelihood comes from rice farming. Planting and harvesting rice allows him to gain 15,000 PHP during harvest season twice in a year. Jhonny lives with his wife and three children in Sampaguita. He aims to increase crop production, that is why he would like to borrow a loan of 30,000 PHP to buy rice seeds to grow and fertilizers for sustenance. With enough sustenance from the rice field, Johnny will continuously produce good crops and sell them to traders.
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.