Jonathan is 33 years old and from the village of Burgos, an area mostly engaged in agriculture. Unable to find sufficient financial means to cultivate the land, Jonathan has applied for a loan. With the help of this loan, Jonathan hopes to receive a good harvest with his next crop and to increase his income. This will allow him to save money for further development of his agricultural business and also to provide for the needs of his family.
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.