Farming has been the primary source of income for Diosdado's family. He and his family live within the village of San Sebastian Ramon. Diosdado is married and has three children. His main goal is to increase his yields this next crop season. In this way he could sustain all his family's needs and save some for emergency purposes when he gets weak.
Diosdado manages his one hectare of rice field. He has managed this field of business for more than 15 years. He is thankful because his farming strategies are effective. With those farming strategies he has used, he is able to increase his yield and was able to pay back his previous loan. Now he is asking for another loan amounting to 37,000 PHP. This amount will be use for land preparation of his rice farm plot and some amount will be used to buy certified seed, fertilizer and insecticide. He knows that he could improve his rice farm through his hard work, patience and continuous financial support from lenders.
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.