Jumbit is 23 years old, single, and lives at Amulung. Jumbit is a farmer and raises crops on his half-hectare rice field, which he inherited from his parents. He usually gains PHP 15,000 each harvest season, twice a year. Jumbit hopes to increase his crop production. That is why he asks for a loan of PHP 18,000 to buy fertilizers and insecticides for use in his farming business.
Jumbit would like to keep reaping good harvests from the farming business, in the future.
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.