Danilo is 46 years old, married, and has three children. The couple has a retail store and a farming business. In the farming business, Danilo usually gains about PHP 20,000 per harvest season, which is twice a year. He budgets his income to provide a good education for his children and as rolling capital in their businesses.
Danilo wants to keep developing his farming business in order to gain more profits, but he had insufficient capital. To pursue his plans for his business, he is borrowing a loan of PHP 50,000 which will be used to buy farm inputs for his crops, such as fertilizer, insecticides, and pesticides.
Someday, Danilo hopes to become a successful rice grower and to have a good life with his family.
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.