Edito is 46 years old, married to Rebecca and has eight children. Edito has a farming business which he has operated for more than 10 years now. He is very happy to have an income derived from the business as it serves for the family's sustenance and especially for school fees. He was not able to send all his children to college because he doesn't have the financial means to sustain them all. Some of his children already got married and live separately from him. He still manages the farming business.
He has insufficient funds and would like to ask for a loan of PHP 10,000 to pay labor fees and purchase rice seeds to grow. Someday, he hopes to harvest a productive crop and get more income so he can save for the 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.