Florencio is 47 years old, married and had one child working abroad already. He is a rice grower, planting and harvesting rice to sell. He gains about PHP 10,000 each harvest season, and he still aims to increase his income. He is now borrowing a loan of PHP 12,000 to buy farm inputs (fertilizers, insecticides) used in the farming business. With continuous effort and determination in the business, Florencio hopes to keep acquiring productive income from the small farming business.
In the future, Florencio would like to give a fortunate life to his 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.