Desiderio is a rice grower in Lanna. He is 45 years old and married. He has four children in school. His wife Luisa is a vegetable vendor. They work hand-in-hand to improve their living conditions.
Desiderio gains an income of 25,000 Philippine pesos (PHP) twice a year, during harvest season, from selling his crops. He aims to improve his production.
Increasing production would require farm inputs to sustain his crops, but he has insufficient funds. That is why he is asking for a loan of 50,000 PHP to buy fertilizers, insecticides and herbicides used in farming.
With enough sustenance, his crop production will improve. He will be able to harvest it profitably and earn the income necessary to pay for all tuition fees and his family's daily needs. He also would like to save funds for unexpected expenses for the family.
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.