Joey is 39 years old and married with four children. To make a living, Joey and his spouse manage a farming business in which they plant, cultivate, and harvest rice. He has been in their business for almost 10 years now and earns PHP 15,000 twice a year during the harvest seasons.
Joey would like to ensure a good harvest but he has insufficient funds. He is asking for a loan of PHP 25,000 to buy rice seeds, fertilizers, and insecticides used in farming.
Joey will be happy and proud to see all of his children become professionals in their chosen careers someday. This dream motivates him to keep growing as a successful entrepreneur in their village.
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.