Gilbert, a local farmer from the forest region of Isabela, is 28 years old and married. He grows corn, and his wife sells vegetables, in order to support their children. He has been involved in this business for 20 years.
He is applying for a loan. He used his previous loan to expand his business gradually and to support his family. He has completely repaid his first loan already. His new loan request is for PHP 20,000. He will use the loan to buy fertilizer for his farmland. He expects to receive a high yield so he can earn more income in order to maintain his children's education.
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.