Alfred is a hardworking and responsible parent. He is 44 years old and married with two children. The couple work together in order to earn a living and secure their family's financial needs. To help him generate income, his wife manages a store that offers agricultural supplies.
Alfred grows rice crops on three hectares of land. He has been doing this kind of business for 20 years. He aims to have a stable source of income so that he could educate his two children and support the daily expenditures of his family. Alfred would like a 50,000 PHP loan to improve his rice crop production and to obtain a better income. This will allow him to support his three hectares of rice field with the necessary inputs. These include seedlings, fertilizer, and hired laborers to perform farming activities such as transplanting and tilling the rice farm. Alfred hopes that his requested loan will be granted, for it will really help his rice 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.