Ferdinand is 58 years old. He is married and has four children. They live in Nagrumbuan, where he manages their rice field. He has been in his farm business for 20 years. He received 36,000 PHP from his last crop. His wife also raises hogs for additional family income. They are both thankful because the income they generate from their businesses helps them to meet their daily needs.
Now, Ferdinand is requesting a loan of 50,000 PHP in order to purchase rice seedlings and fertilizers for his rice farm business. He hopes that he can get the amount he requested and he is promising to repay the loan on time.
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.