Ricardo lives in Alcala with his spouse and children. He is a farmer planting and harvesting rice to sell. Ricardo has been in the business for over 10 years and usually earns 15,000 PHP during harvest season twice a year. He hopes to improve his crop production because he is educating his children.
Ricardo is asking for additional capital of 22,000 PHP to buy fertilizers and pesticides to use while farming. It will nourish his crops and someday produce an abundant harvest.
Ricardo will be very happy and proud seeing his children with good employment someday.
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.