Erwin is 22 years old and single. He is a hardworking farmer who plants and harvests rice to sell. He has had his business for over a year now, and pays laborers to help him with farming activities such as plowing, planting and transplanting rice seedlings. He is now asking for a loan of PHP 50,000 to buy rice seeds, fertilizers and insecticides necessary for providing his crops with proper nutrition. In the future, Erwin would like to continue making his farming business profitable so she can help his family achieve economic stability.
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.