Fredy, age 40, grows and sells vegetables to earn a living. He earns approximately PhP 500 each week from this business. He lives with his wife and child in a village in Angadanan, Isabela.
Fredy aims to earn more income in order to better provide for his family's needs, as well as to save for the future of his child. At this time, he has planted more vegetables, expecting to increase his production next season. However, due to inadequate capital, he is asking for a loan in the amount of PhP 12,000, which he will use to buy seeds and fertilizers to sustain his vegetable production.
He is confident that the loan funds will help him increase his yield.
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.