Ronald is married to Joana. He and his family live happily in a village and have a plan to raise their standard of living. Farming is one of their major sources of income; they plant and harvest rice for sale. They have been in this business for more than eleven years and usually earn a profit of 35,000 PHP in each harvest season.
At this time, Ronald is asking for a loan of 35,000 PHP to buy rice seeds, fertilizers, and pesticides and to pay for the labor needed for rice-planting. Ronald believes that this loan will be an enormous help to the family's hopes of increasing their yield.
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.