Urbano manages a rice farming business in their field. He has been 26 years in the farming business. His wife is a housekeeper. The couple depends only on their earnings from farming, that’s why they strive just to feed their children.
At present, merchant's farm input prices are costly because planting season is near. Urbano is having difficulty in providing his farm needs to continue his farming business. Urbano is applying for a loan of 40,000 PHP to buy seeds, insecticides and herbicides for plant care. He hopes to borrow the amount he is applying for to start farming activities.
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.