Modesto is a farmer, who has untiringly worked hard in the hectare plot of land he manages. He has been planting and harvesting rice crops to sell for over 15 years now. He is married to a housekeeper, who is his partner in the business. They have had four children. Three are in their college education and taking degrees. He was inspired by his children's determination in school.
Modesto has to improve crop production for higher yields, and that is why he is now asking for a loan of PHP 25,000 to buy five bags of urea (fertilizers) and five liters of insecticides for use in the farming business. Additional revenue generated will be invested for education.
He hopes to keep growing as a succesful farmer, and will be happy and proud to see all his children professionals in their chosen carreers 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.