Xyndritz is married with three children. His eldest child is currently studying while the other two are is still infants. Xyndritz wants to educate his three children and give them a better way of living.
Xyndritz has been engaged in his farming business for five years. He grows rice crops on his 1.5 hectares of rice field. Xyndritz would like to improve his farmland for him to gain plentiful yields this next crop season. To make his dream attainable, he is asking for additional working capital of 30,000 PHP allowing him to buy necessary farm inputs such as fertilizer, insecticides and certified seeds. In addition, he will use this amount of loan to pay for hired laborers who will cultivate his rice field. Xyndritz is hoping for further business growth and continuous access to financial services from lenders. In this way, he could obtain greater profit which will enable him to provide his family's needs and save some amount for his children's education.
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.