Amado is 52 years old. married, and has three children. He is a farmer. With his income derived from planting and harvesting crops, he was able to educate his children, one of whom still attends school. Amado earns 20,000 PHP each harvest season twice a year. His wife operates a store.
Amado is requesting a loan for 30,000 PHP, which he will use to buy farm inputs (fertilizers and insecticides). This will help nourish his rice crop to produce an abundant yield. Amado hopes to become a successful farmer and save money for emergency purposes.
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.