Domingo is a farmer who lives in a rural community. He is 42 years old, married, but has no children yet. Farming is the main source of their living. They plant corn and vegetables and raise livestock to sell. They aimed to improve their farming business in order to satisfy their necessities and save some for future emergencies. He planned to expand his corn plantation to ensure a high production, but due to insufficient capital, he is asking for an additional PHP 25,000 to buy herbicides, fertilizers and pay the expenses incurred in planting corn. Through patience and hard work, he believes that he will improve 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.