Efren, a farmer who lives in Anquiray with his three children, grows rice to sell. In business for 10 years now, he earns about P10,000 each harvest season. He is now requesting a loan of P20,000 to invest in maintaining the business. He will buy fertilizers and pesticides for use on his farm.
Efren hopes to keep improving crop production and become a properous farmer in their village someday.
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.