Patricio is 46 years old, married, and has two school-aged children. He is a farmer who is raising his family in a rural community. He cultivates their farmland by planting vegetables, fruits, and root crops for selling. He plans to expand his vegetable production to ensure a higher production. Due to inadequate capital, he is asking for an additional loan of PHP 10,000 to buy the needed seeds, fertilizer, and herbicides to sustain his crop production. He believes that with the financial assistance of KIVA lenders through ASKI, it will enable him to improve his farming business. He hopes that he will have a good harvest and profit for his family.
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.