Jerry, 40, is married and has six children. He has managed his rice field for eight years. His main goal is to improve his rice crop production, for it is the only means to educate his six children and improve their living conditions.
Jerry focuses most of his time on his farming business. He said that this field of business requires hard labor and perseverance. He endures all of the pain and the sun's heat to develop his farm plot to make it more productive.
Jerry would like to ask for additional working capital amount of 25,000 PHP, which will allow him to buy farm supplies such as herbicides, fertilizer and insecticides. Through proper care to his rice crop production, he will be able to earn a better income, which will enable him to provide for his family's basic necessities and save for the bright future of his children.
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.