Francisco is 56 years old and still single. He is working as a farmer and he earns an average of 30,000 Philippine pesos (PHP) during the harvest season. He wants to sustain his corn production, and this is the reason he is asking for an additional loan of 35,000 PHP from KIVA lenders through ASKI to buy farm supplies such as fertilizers and corn seedlings. He hopes that his loan request will be granted for further improvement in the 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.