William is 36 years old and is married with three children. His priority is to send his children to school so that they can obtain a college education. He experienced a difficult life and wants to give his children a better one. William manages a rice farming business in their village. He has been running this business for 11 years. William has confessed that he doesn't have enough capital to finance his farm. He will use the loan of 27,000 PHP to buy fertilizers and herbicides for plant care. He believes that with the help of the loan he will get a higher yield, increase his income and send his children to school.
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.