Enrique's primary source of income comes from farming, planting and harvesting rice to sell. He had been in the business for over 10 years. Enrique is now 40 years old and married to Mary Ann who works abroad. They have two children attending to school.
Enrique is a responsible father and wanted to give the best education to his children. He is now asking for a loan of 20,000 PHP to buy insecticides and fertilizers, and to pay for farm labor. He hopes to keep acquiring abundant harvests that will lead to additional income for the sustenance of his family. He promises to pay back his loan in full.
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.