Patrick is a farmer who is raising his family in a rural community. He is 41 years old and has five school-aged children. Despite the hardship of living, he aims to continue sending his children to school so that they will earn a degree and be employed someday.
To reach this goal, he planned to expand his vegetable plantation to increase his production. Due to inadequate capital, he is asking for a loan of 10,000 PHP to buy fertilizers and insecticides needed to sustain his crop production. Through patience and hard work, he hopes that he will have increased production.
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.