Abelardo runs a rice farming business in his village. He grows a large area of rice in his farm. Abelardo shares that, through farming, he is able to meet his family's needs on time and to send his children to school.
Abelardo is a patient father, who does almost all of the farming activities in his farm himself, just to minimize his costs in the farming business. Abelardo is asking for a loan of PHP 50,000. He will use it to buy fertilizers and herbicides and to pay for the labor cost, for harvesting his matured rice. Abelardo believes that the loan will be a big help to him for the continued operation of 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.