Erwin, 35 years old, is married to a government employee and they are blessed with two children. He manages a corn farm in the village of Maligaya. In the last cropping, his net income was PHP 17,000 for six months.
Erwin is asking for a loan amounting to PHP 40,000 to purchase fertilizer and other farm inputs. He's hoping that his requested loan will be granted, so that he can utilize the loan for his agricultural 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.