Farmers aim to have high production and income to support their families. Like wise, Romeo aims to improve his vegetable production business to generate sufficient income to satisfy his family needs and support the education of his children. He wants to educate his four children so that they will be the ones to help him when he gets old. Despite the hardship of living, Romeo has the strong faith and determination to uplift their status of living to give his children a better life.
To increase his production, Romeo plans to expand his vegetable plantation to ensure a high production. He is asking for an additional capital of PHP 41,000 to buy seeds, fertilizers and insecticides needed in vegetable production. He mentioned that this financial support will be a great help for him to improve his crop production and hopes that he will be having a plentiful harvest.
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.