Luciano, 50 years old, is married to Flora, and they live in the community of Burgos in Isabela province. Luciano has been farming for eight years and employs two people. He grows crops, rears chickens and fattens pigs. Luciano hopes to expand his farm in the future.
He has requested a loan of 28,000 Philippines pesos (PHP) to buy fertilizer and seeds to grow for his farming business.
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.