Emerito is a farmer who hopes for good harvests in the farming business. He is 46 years old and has been planting and harvesting rice for over 10 years. He still aims for income increases because his income of about P10,000 every harvest is just not enough to maintain the farming business and to provide sustenance for his family.
Emerito is now asking for a loan of P15,000 to buy fertilizers and pesticides used in farming. This will help nourish his crops. In the future, he hopes to keep improving his farming practices and attain good yields every harvest season for the overall welfare of his family.
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.