Solomon, 49 years old, is married and has six children. He lives in the forest region of Isabela. He has managed a farm for eight years. To enable him to provide for the needs of his family, he is asking for a loan of PHP 40,000 to buy fertilizers and seeds, for growing crops on his farm. Solomon always prays that someday he can see his children finish their studies.
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.