Crisencio, aged 34, is a farmer who grows rice and harvests it for sale to make an income. He has been doing this for four years now. He is married to Divina who takes care of their child and also does household chores.
Crisencio is now borrowing a loan of PHP 12,000 to buy farm inputs (fertilizers, insecticides) to use in rice farming. He hopes this will be granted to him as an additional capital so he can produce crops abundantly. Crisencio hopes that he will someday have better sales of rice so that he can give a more prosperous 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.