Edwin is a widower who is blessed with three children. Two of his children are married, and the other one is no longer studying.
Edwin owns a two-hectare rice farm, and he is raising two fattening hogs. He is glad that his hogs are healthy, as he has spent much of his profit on them. The capital available for his farm is no longer sufficient, which is why he is asking for a loan of PHP 40,000, to allow him to buy farm inputs and prepare his land for farming. He is hoping for approval of his loan, so he can make his farming more productive and profitable, thus enabling him to earn a better income to meet his family needs.
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.