Fidel is 28 years old, married, and has a child. Fidel's priority in life is his family's welfare.
He is a farmer growing rice to sell to traders in their village. He has been in the business for 6 years and earns PHP 10,000 twice a year during harvest season.
Fidel is requesting a loan of PHP 15,000 to buy fertilizers and pesticides to use while farming. It will help nourish his crops and someday lead to a plentiful harvest. Any additional revenue generated will be saved for future family 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.