Manny raises rice crops. He is 41 years old and married with three children. Manny and his wife work together to create a comfortable lifestyle and earn a stable income.
Manny has been cultivating his 1.8 hectares of farm land for ten years. He is really happy to see his farming business doing so well. He is seeking additional capital of 25,000 PHP to continue to improve his business. This will allow him to purchase fertilizer, insecticides, and herbicides. Consistent fertilization of his field will help ensure a good harvest. This will help him give his children a quality education, sustain his family's needs, and improve his financial stability so he can continue to be involved in other types of business pursuits.
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.