Faustino is a farmer from Alcala. He is 51 years old and has four children. He plants and harvests rice to sell to traders. He gain about 20,000 PHP each harvest season twice a year. His wife is a vegetable vendor. The couple generates income for family's sustenance.
Faustino is now asking for a loan of 25,000 PHP to invest in maintaining healthy crops. He will buy fertilizers and insecticides use in farming.
Someday, Faustino hopes to gain more income to improve his harvest and save for family's future expenses.
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.