Abraham grows rice crops in their village. Through this activity he is able to finance the daily expenditures of his family. Abraham works hard to generate more income for his seven children. According to him, having that number of children is really difficult, thus he is working double time. To continuously provide for the needs of his family especially his children, Abraham wants to request a PHP 20,000 loan from KIVA lenders. Abraham said that this amount is essential for him to purchase seeds, fertilizers and pesticides so that he can increase his yield. He hopes that the lenders will be generous enough to help him improve his family's standard of living.
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.