Ferdinand is 45 years old, married and blessed with four children. He's been into a rice farming business for almost 18 years, and last cropping his net income was 50,000 Philippine pesos (PHP).
He would like to avail a loan amounting to 50,000 PHP to pay for land preparation. He's hoping that his requested loan will be granted so that he can use it in his agricultural 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.