Roland's main source of income comes from rice farming. He plants and harvests rice to sell to traders. He is 36 years old, has two children, and is married. Rosalinda, his wife, raises hogs to earn income. The couple works hard to generate income for the family's sustanance especially in giving a good education to their children. From the farming business, he generates PHP 10,000 each harvest season (twice in a year). He aims to improve his harvest but had insufficient funds to buy fertilizers and pesticides. He is asking for PHP 20,000. He hopes to pay back his loan in full.
He would like to keep improving harvest and be able to pay school fees for his children so they will attain degrees someday.
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.