Edgar is now 35 years old and single. He aims to become financially stable and have a bright future. To achieve his goals, he cultivates his farm land by planting different varieties of vegetables that he sells in the local community. He wants to increase his production and income to satisfy his necessities, support the education of his younger brothers and save for his future. In this regard, he plans to expand his plantation to ensure a high production. Due to insufficient capital, he is asking for a loan of 7,000 PHP to buy foliar fertilizer and insecticides needed to sustain his vegetable production. He his hoping that this financial assistance will help him improve his farming business and that he will have a plentiful harvest.
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.