Loel is a widower and blessed with three children. He currently cultivates his one-hectare rice field and has been in the farming business for 17 years. He is grateful that through his patience and determination, he was able to provide for the needs of his family, especially the education of his children.
To further make his business grow, he would like to borrow PHP 30,000 that he can use for the maintenance of his farm. He will make use of the loan in purchasing farm supplies for his rice field. He believes that having additional capital will enable him to have a continuous flow of crop production.
Loel hopes and prays that his requested loan amount will be approved by the lenders. He is also hoping that his income will increase for the welfare of 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.