Angel is 57 years old, married to Flordelisa and they have one child. He manages a hectare plot of land which he cultivates, plants, and harvests rice on. He has been in this business for over 10 years now. He usually gains PHP 10,000 each harvest season which is used for their meals, bills at home, and revolving capital in the business.
Angel is now asking for a loan of PHP 13,000 to buy fertilizers and insecticides used in farming. He hopes to keep making his crops healthier and harvest them profitably.
Someday, Angel would like to ensure a profitable business so he can save for his family's future expenses.
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.