Edgardo is happily married and has three children. Two of his children are already working, while the youngest is still studying. Edgardo is engaged in a farming business, particularly rice crops. He has been running this kind of business for ten years.
Edgardo is not yet satisfied with his little success, so he works tirelessly and with strong determination. Aside from farming, he also runs his hog raising business. Edgardo currently raised two sows. He had been involved in this kind of business for three years up until now. His priority is to increase the income he earns in order to support his child’s education and have a better way of living.
Edgardo is now requesting a loan of PHP 25,000, which allows him to buy necessary farm inputs such as fertilizer and insecticides, and for land preparation of his rice field. He hopes that his requested loan amount will be approved for him to attain his goal in life.
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.