Jeffrey has been involved in agriculture for two years. He cultivates rice. Sales of agricultural products give Jeffrey an income that is hardly enough for covering the family's costs. His family consists of his wife and himself.
As agriculture helps Jeffrey to maintain a stable income during the month and sustain his family, he would like to enlarge his agricultural business. He has requested a loan amounting PHP 21,000 to pay for fertilizer and cover cultivation costs.
Jeffrey hopes that the loan will help him to earn a higher income, and he will be able to ensure a better life 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.