Rolando is 24 and still single. He is a simple man with a simple dream in life: to finish his college education and to soon help his mother financially.
Rolando is helping his mother in managing their field. They plant rice crops in their field. Sometimes he does some field activities during the weekend so that the allotted funds for labor can be used for his allowance in school. Rolando is asking for a loan of PHP 27,000 to buy seeds, fertilizers, and herbicides for farming. Their aim is to minimize labor expenses and generate enough income from the crops.
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.