Casimiro and his family lives at Nabbotuan. He has five children but they live separately from them. To generate an income, he has managed a farming business for almost 20 years. He plants and harvests rice to sell. He also hires laborers who helped him do farming activities.
Casimiro has decided to avail a loan in order to improve his crop production. He is borrowing PHP25,000 to buy fertilizers and pesticides used in farming. He will also pay for labor costs.
Casimiro aspires for a productive harvest and to gain more profits from the business. Additional revenue will be saved for the nfamily's future expenses.
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.