Ernesto is a small farmer in his local community. He is a very industrious worker who has been engaged in this business with his wife (Josephine) for 15 years. This is their main source of income and they support their family through the proceeds from their farm.
Due to lack of finances, Ernesto is asking for a loan of PHP 20,000 to buy farm inputs needed on his farm, including two bags of seeds, a liter of insecticides, and fertilizers, as well as to pay for the labor of an additional worker who will sow and plow the farm. Through his sacrifices, patience, and hard work, Ernesto is confident that he will achieve progress and success.
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.
A loan of $500 helped Ernesto to buy farm inputs needed on his farm, including two bags of seeds, a liter of insecticide, and fertilizers, as well as to pay for the labor of an additional worker who will sow and plow the farm.