Rogelio is 54 years old, married and has two grown-up children. He owns and manages a citrus and banana plantation in his community. This is one of the major source of his income. He has been managing this business for almost 10 years and usually earns a profits of PHP 25,000 in every harvest season. He usually spends his income for his family's daily consumption and allowances for his children in school.
Due to the high cost of commodities and school fees, Rogelio needs to earn a higher income to cover their necessities and support the education of his youngest child. He plans to improve his crop production by planting more citrus and banana trees. To work out his plan, he is asking for a financial support amounting to PHP 35,000 to buy fertilizers, insecticides and pay the labor cost incurred in planting and clear-brushing the citrus plantation. He is hoping that someday, he will improve his plantation and increase his production.
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.