Edgardo, 52 years old, is married to Rosemarie. He lives in Burgos, Isabela province with his family. Ever since he was little, Edgardo has worked with his family growing crops such as corn and rice. He is a very hardworking person. Edgardo currently has one hectare where he grows corn and rice, which he sells at the local market. However, the buyers often come to his house. Edgardo is motivated by farming because his products are in great demand and he gets a good income. Edgardo has requested this loan of PHP 25,000 to invest in planting corn and rice and to expand into more land. He will use the loan to pay the day workers and to buy fertilizer and seeds for the crop. His plan is to improve production and to continue getting income.
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.