Warlito is the second child of five siblings. He is a high school graduate and still single. Warlito cultivates rice on one hectare of land. He has been in this kind of business for 15 years. Aside from this, he is also into the livestock business, wherein he raises two cows.
Warlito wants to continue to grow his rice farming business; that's why he is requesting a loan of 30,000 PHP. He will use this loan to buy fertilizer, seedlings and insecticides to improve his rice farming business. He knows that this loan will allow him to further improve his rice crop production and to have a viable source of income. Warlito is looking forward to the approval of his requested loan amount so he can sustain his family's needs.
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.