Ronald is married, has three children, and raises rice crops as his source of income. His wife also helps him in managing the farming business. From a hectare ricefield, he usually gains about 10,000 PHP each harvest season (twice a year).
He is now asking for a loan of 20,000 PHP to invest in buying rice seeds, fertilizers, and insecticides to ensure the good growth of crops and to harvest rice crops abundantly.
Ronald would like to keep achieving abundant harvests and someday save funds to provide a good education to his three children.
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.