Jesus is a 50-year-old farmer living at Lanna with his wife and four children. He plants and harvests rice to sell. He had been doing so for over 10 years.
He usually gains 20,000 Philippine pesos (PHP) twice a year during harvest season. He uses it properly to pay matriculation fees, bills at home and meals for his family.
Jesus is now asking for a loan of 45,000 PHP to improve his farming business. He will buy fertilizers, insecticides and pesticides used in rice farming.
He would like to keep providing a good education for his children. Someday, with good harvests and income, he will achieve income stability and make his family live fortunately.
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.