Francisco is a farmer who lives in Padul with his four children. He is growing rice to sell while his wife works abroad. They hope to provide a good education to all of their children, which is why they untiringly work to generate income for the family.
Francisco is asking for a loan of PHP 18,000 to buy fertilizers and insecticides for use in farming. These inputs will help nourish his crops to support a profitable harvest. The additional revenue generated will be used to pay his children's school fees and to save for the family's future expenses. Francisco would also like to achieve financial stability so his spouse will not have to work abroad anymore.
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.