Warlito is 32 years old and still single. He aims to become financially stable in order to help in financing the education of his younger brothers and to improve their status of living. Due to lack of job opportunities, he cultivates their farmland by planting rice and vegetables. He aimed to plant more vegetables to sell but he has inadequate capital. For this reason, he is asking for an additional PHP 10,000 to buy seeds, fertilizers, insecticides, power cleaner and a sprayer needed in vegetable production. He hopes that this loan will help him to improve his farming 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.