David, a rice grower from General Balao, is very industrious. He plants and harvests rice twice a year to sell for a profit. This is the viable source of his income. He has already been married for almost four months and had no children yet.
David is now asking for a loan of PHP 10,000 to pay for labor fees and fertilizers used in farming. This will help him continuously produce abundant crops from his one-hectare rice field and keep earning good funds for the overall welfare of 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.