Dominador has been cultivating his two hectares of rice field for one year. He is happily married with two children of whom the oldest child is still at kindergarten while his youngest child is an infant.
Dominador's wife has owned a retail store for one year. He is really glad because his wife is supportive and responsible. Dominador decided to start cultivating his rice field but he is sad because his capital for preparing his farmland and buying farm supplies is no longer enough. That's why Dominador is asking for additional working capital of PHP 20,000. He knows that this would really have a great impact especially as it would make his farmland more productive and profitable.
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.