Narciso is 61 years old and married with five children. To earn a living, he plants and harvests rice to sell. He has been in the farming business for nearly 10 years and earns about PHP 20,000 twice a year (during the harvest). He also pays additional laborers to help him in planting and harvesting rice. Narciso has been very patient in maintaining good crop growth. Now, he is asking for additional capital of PHP 40,000 to buy farm inputs (fertilizers and insecticides) used in farming.
In the future, Narciso would like to develop good crops to harvest. This will enable him to better his family's living conditions and someday live progressively.
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.