Jacinto is 29 years of age, married, and has two children. He and his wife work hard in order to earn a living. Jacinto manages his 1.5 hectares of rice fields. He has had this kind of business for six years. He wants to increase his yield so he can earn more income. He knows that crop season starts this month, but he struggles with a shortage of capital. He is asking for a loan of PHP 30,000 which will be used to prepare his rice fields and to buy fertilizer and insecticides. Jacinto believes that his hard work and patience will lead him to success, enable him to educate his two children, and provide his family with comfortable living conditions.
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.