Noel is a responsible man who lives simply in Amulung. He is 47 years old, married and has five children, two of whom are attending school, while the rest have settled into marriage.
Noel has inherited a half hectare ricefield from his parents, where he has planted and harvested rice for more than 10 years. He usually earns about PHP 10,000 in each harvest season (twice a year), which goes for education and his family's sustenance.
He is now asking for a loan of PHP 15,000 to invest in ensuring healthy crops in his rice field. He will buy fertilizer and insecticide to use in farming.
In the future, Noel hopes to keep achieving a good harvest and to save funds as a reserve for future emergencies.
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.