Dickson is 23 years old and married, but has no children yet. He and his wife aim to become successful and financially stable in order to have a better life. Since farming is the main source of their income, Dickson plans to expand his rice farm to ensure a high production and yield. With that goal, Dickson wants to ask for a loan of 20,000 PHP (Philippines pesos) from Kiva lenders. He will use the loan to buy fertilizers and pesticides needed in rice farming. Through patience and hard work, he believes that he will be going to improve his farming business and increase his production 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.