Sebio, is 43 years old, and a local farmer in the simple place of Barangay Centro 1. He manages 2 hectares of corn field. In order to purchase all of his farming needs such as seeds, fertilizers, pesticides, insecticides as well as to pay for the manpower wages, Sebio is requesting a loan amount of 35,000 PHP. He is an example of a hard working father of six children, Sebio also helps his wife in her buy and sell business of banana products. According to him he really wants to provide the needs of his children which is why he is working double time.
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.