Ferdinand is 47 years old, married, and has three children. He supports his family through his farming business. He plows and plants in the field and endures the difficulties of farming. This is because of his willingness to lift his family out of poverty. As a father, he always wants to make a higher income for his family.
He is now asking for a loan in the amount of PHP 15,000 to buy seeds, pesticides, and fertilizers for his farm. He hopes to maintain his business through this loan in order to secure his family financially.
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.