Efrenor is a farmer living in Dalaoig with his wife and children. He and his wife plant and harvest corn to sell. They also raise hogs to sell. Efrenor and his family works hard in order make enough money to pay his children's school fees. In the farming business, they usually earn about P30,000 twice a year during harvest season.
He wanted to improve his crop production, so he needs to give enough nutrition to his crops. That is why he is now asking for a loan of P50,000. He will buy fertilizers, insecticides and pesticides to use in his farming.
Efrenor is confident that he will harvest abundant crops because of giving them enough farm inputs.
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.