Rommel is 34 years old and a farmer from Amulung. He plants and harvests rice to sell as the source of his income. He also pays laborers who help him plant and harvest rice to sell. He has been in his business for over 10 years now.
Rommel is now asking for additional capital of 12,000 PHP (Philippines pesos) to invest in his farmland and achieve a profitable harvest. He will buy fertilizers and insecticides used in farming. This will help improve the growth of his crops.
In the future, Rommel hopes to keep improving his crop production and income to lift his family from poor living conditions.
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.