Danilo, age 49, is a rice farmer. He and his wife Bellania have been engaged in this business for two years and earn about PhP 35,000 per crop season.
He is asking for a loan of PhP 40,000 to buy farm inputs such as rice seedlings, fertilizers, and insecticides to foster the proper growth of his rice crop and to ensure successful rice production.
Danilo and his wife are confident that this loan will help them to further develop the business. Their goal is to adequately provide for the family's needs.
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.