Bernard is a proud farmer. He is 28 years old, married, and has one child. His main priority in life is to have a greater profit, so he could provide for all the needs of his family.
Bernard manages one hectare of rice field. He is thankful because his previous loan was used to improve his farmland, enabling him to obtain better profit.
He would like to have continuous improvement of his farming business, so he is requesting additional capital, amounting to 40,000 PHP. This amount will be used to buy fertilizer and insecticide as well as to pay for the labor cost of transplanting and spraying his farmland. Bernard hopes to obtain this loan amount, so he could make his farmland more productive and profitable.
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.