Rogelio and his family live in the mountainous area of Isabela. His main source of income is rice farming, and he has been doing that for almost six years now. According to Rogelio, his yield in this activity is of great help because some of the yield serves as the daily food intake of his family, while he sells some to support their other expenditures. At present, Rogelio needs additional capital for his farming activities. Thus, he is requesting a loan amounting to 25,000 PHP. He said that he will use the loan to buy fertilizer and seeds for his farming 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.