Melecio is a hard-working farmer, who lives at Padul with his wife and two children. The couple manages the farming business and gains 20,000 PHP each harvest season, twice a year. The income derived from the business goes for meals and the expenses of his children at school.
He is now asking for a loan of 25,000 PHP to buy fertilizers and insecticides used in his farming business. It will ensure healthy crops to harvest.
Melecio hopes to acquire abundant harvests and to gain more income for his children's education. He wants each of them to earn a degree and get good employment, 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.