Antonio lives in Padul with his wife Wilma and four children. He is a carpenter and a farmer, too. Antonio plants and harvests rice in his one-hectare plot of land. He also hires laborers who help him do farming activities such as sowing, planting, and transplanting rice seedlings. Because of these additional labor costs, Antonio lacks funds to sustain his crops. He is asking for a loan of PHP 20,000 to buy fertilizers, insecticides, and pesticides for use in farming.
In the future, Antonio would like to keep ensuring a good harvest from his farming business and someday achieve economic stability.
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.