Jessie is 22 years old and is married with one child. He is a farmer working in the Philippines, and he earned a net income of PHP 30,000 with his last crop. Right now, Jessie is asking for a loan in the amount of PHP 25,000 to buy farm supplies such as fertilizers and rice seedlings. He hopes that he can get his requested loan so he can sustain his rice 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.