Elmerlito is a resident of Magleticia village, in the town of Echague. He grew up as a simple and very hard-working person. Because of this, he engaged himself in an agricultural business, with a little bit of capital that he got from his parent. He grew the business and became able to acquire land, which he is using for pineapple farming. He is working, together with his wife, for the survival of their family.
Elmerlito has applied for a loan of PHP 25,000 to buy manure for fertilizing the pineapple plants. He hopes to grow his business.
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.