Nelson is a 47-year old farmer. He has been planting and harvesting rice for more than 10 years. He sustains his family with his income from selling the harvested crops.
Nelson would like to improve his rice farming business. He has asked for a loan of 30,000 Philippine pesos to buy rice seeds, fertilizers and pesticides to use on his farm.
He hopes to keep achieving abundant harvests to maintain the business and generate good profits 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.