Gil is engaged in the farming business. He plants and harvests rice for sale. He generates PHP 30,000 during harvest season. Gil uses his income for the education of his children. At present, Gil is requesting a loan of PHP 45,000 to purchase seeds and fertilizers to sustain his business. In the future, Gil hopes to start another business aside from his farming business to earn more income.
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.