Reynaldo is 55 years old, married, and has three children. He lives peacefully with his family at Centro Sur. He is a farmer with a hectare of farmland on which he raises corn to harvest and sell. He usually earns PHP 30,000 each harvest season (twice a year). Magdalena, his wife, sells vegetables in order to supplement the family's income.
Reynaldo still aims to improve his business, which is why he is asking for PHP 50,000 to buy corn seeds, fertilizers and pesticides for crop sustainability. He hopes to grow healthier crops and harvest them abundantly. Good profits will help to pay his children’s school fees, and will also give his family a better life.
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.