Raymundo grows rice crops within his local community. He is married with three grown children. Before he began farming,he was a driver for a construction supply company. After four years, Raymundo resigned from his job and started his farming business.
Raymundo would like a loan of PHP 25,000, which will be used to buy eight sacks of fertilizer and insecticides. By applying these farming materials, he would be able to improve his rice crop production and ensure good yields and profit. He hopes that he can continue to access financial support from lenders so he can continue to support his family's basic needs and save for emergencies such as illness.
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.