Edgar is a proud farmer and patiently grows rice and sells them to traders in his village. He goes down the rice field everyday, both rainy or sunny. From selling the raised crop, he usually gains about PHP 15,000 each harvest season (twice in a year). Edgar had been in his farming business for almost 15 years now. He has four children who needs assistance, especially for school expenses.
Edgar would like to improve his crop production, but he had inadequate funds. That is why he is asking for a loan of PHP 50,000 to buy fertilizers(UREA), insecticides and pesticides used in the farming business.
Someday, with stable income and more crop production, Edgar will able to give a fortunate life to his family.
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.