Renato is a farmer who lives in Anquiray. He is 47 years old, married and has three children. Like him, his spouse is also a hog raiser. Together, they generate income for the family's sustenance, especially for education needs. He usually earns P 15,000 twice a year during the harvest season.
Renato would like to increase his crop production, which is why he is requesting for a loan of P 20,000. He will use it to buy fertilizer and insecticide for his farming business. With the help of this loan, Renato will make improvements to his crop production, leading to an abundant harvest and more income.
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.