Rodel is a 46-year-old father who owns and manages a rice-farming business to generate income. He aimed to improve their quality of living in order to educate his three children and give them a better life. He planned to improve his rice farming in order to increase his yields, but due to insufficient capital, he was not able to pursue his plan. In this regard, he is requesting an additional loan of PHP 30000 to buy fertilizers and insecticides to sustain his crop production. He believes that having enough capital will make it possible for him to improve his farming business, and he hopes that he will have a plentiful harvest this coming harvest season.
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.