Because of life's difficulties, William works hard to provide for the needs of his family. He has a farming business and cultivates rice. At the age of 56, he is off to the field at dawn, doing different farming activities just to make sure that his rice plants will grow healthy and he will be able to harvest more rice. Wanting to generate more income, William decided to avail a loan from Kiva lenders amounting to 28,000 Philippine pesos. If this loan is granted, he intends to buy fertilizer and pesticides and pay the labor costs for transplanting rice seedlings. With this financial assistance, he believes that he will improve his farming business and he is hoping that he will increase his yield this coming harvest season.
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.