Teofilo is a farmer from Dalaoig. He is 36 years old and ha two young children attending elementary school. His wife is a housekeeper and rice farming is the only viable source of his income.
He would like to improve his farming practices and produce an abundant harvest. That is why he is borrowing a loan of PHP 15,000 to buy fertilizers and insecticides used in farming.
In the future, Teofilo would like to keep improving his crop production for the betterment of his living conditions.
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.