Bernardo is a farmer in the Philippines. He is 40 years old and married to Donita. The couple is thankful because they have been blessed with three children.
To generate income, Bernardo is busy growing rice. He has been engaged in rice production for 23 years and usually earns about 25,000 Philippine pesos (PHP) every harvest.
At this time, Bernardo is asking for a loan of 30,000 PHP to buy farm supplies, such as seedlings, fertilizers and insecticides, for the proper growth of the business. He hopes to increase his income in the next cropping season.
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.