Federico is a hardworking and responsible spouse and father to his four children. Two of his children are still studying; his eldest is working and the other one is his companion in cultivating their two hectares of rice field.
Federico’s aim is to have a better way of living, let his two children finish their studies and be able to have continuous growth of his farming business. Aside from growing of rice crops, he has also engaged himself in raising hogs. Federico would like to improve his farming business but due to shortage of capital, he is seeking for a loan of PHP 25,000 allowing him to buy fertilizer, insecticides and herbicides. He is hoping for approval of his requested loan amount so he can attain his goal in life.
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.