Nestor is a farmer who owns and manages a rice farming business in his community. He is now 55 years old and has four grown-up children. Due to hardships of life, he aims to increase the crop's yield and his income to cover his expenses and save some money for future emergencies.
He has been a farmer for almost 20 years and usually earns a profit of 22000 PHP in every harvest season. His income is usually spent on food, clothing, transportation and other household expenses.
To improve his farming business, Nestor is asking for additional capital of 25000 PHP, which will be used to buy fertilizers and insecticides for the maintenance of his crop.
He hopes that he will have a high yield this coming harvest season.
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.