Joel is a single parent of two children. Though it's quite hard to act as father and mother, he is still able to manage his farming business and raise his children well. Aside from farming, he also has a furniture shop as an additional source of income.
Joel manages a hectare of rice field and the furniture shop. Since crop season starts this month, his focus is on his rice field. He prepares his farm land well so that he can grow healthy rice crops. Joel is now struggling with a shortage of capital because he used some of his profit for his furniture shop.
With regards to this situation, he is asking for a loan of PHP35,000. This would really be a big help to him because he could purchase the necessary fertilizer and insecticides to ensure the proper growth of his rice crops. He knows that, through proper plant care, he could also obtain greater profit.
Joel hopes that his requested loan amount will be granted to him so he can give his children a quality education and a comfortable lifestyle.
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.