Clark lives with his wife and two children in the village of Sta. Rosa. He is engaged in the farming business, particularly raising rice crops. He has been planting rice crops for five years. He is thankful because his previous loan had helped him much, most especially in making his rice field more productive.
Clark would like to keep improving his rice field, so he is requesting another loan amount of PHP 40,000, which will be used in buying farm supplies such as fertilizer and insecticides. He knows that through implementation of proper plant care for his crops, he could further gain a better profit, which will enable him to educate his two children and improve their way of living.
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.