Recto is 49 years old and a farmer who raises rice crops for future sale. He has been planting and harvesting rice for over 10 years now. He manages a half-hectare rice field. He gains PHP 10,000 each harvest season (twice a year) in his business.
Now, he hopes to improve his farming practices; that is why he is asking for PHP 15,000 to invest in buying farm inputs for crop sustainability. He will buy fertilizers and pesticides to use in farming.
Someday, with enough farming inputs he will enhance his good crop production and will end up with an abundant harvest too. He hopes to send all his children to school so they can achieve a degree.
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.