Robert is 44 years old, married and has four children. He and his spouse grow corn to sell. He had been in his business over five years and earns about PHP 20,000 each harvest season (twice a year). He is able to pay school fees, daily meals, bills at home and has revolving capital in the business. He hopes to improve crop growth but has insufficient funds. That is why he is now asking for a loan of PHP 25,000 to buy fertilizer and insecticides to use in farming.
With continuous efforts and patience in developing the farming business, Robert will someday gain the fruits of his hard work and will lift his family out of poverty.
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.