Roland, 42 years old, is married and has three children. He works hard to provide for his family's daily needs. Roland has been involved in the farming business for seven years. He has 2 hectares of land where he grows rice. He sells his harvest to traders and earned a net income of 40,000 PHP from the last cropping. The income will help him cope with his family's needs and give his children a good life. Roland wants to obtain a loan in the amount of 35,000 PHP to buy farm inputs such as fertilizer and rice seedlings. He hopes that he can get the requested amount to further grow his business.
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.