Lope is 40 years old, single and in the farming business. He is glad that he can earn a minimum net income of PHP 10,000 each harvest season twice a year. He wanted his business to grow for him to support the needs of his parents and other family members.
Lack of capital encouraged him to borrow a loan from the lenders in the amount of PHP 20,000. This will be used to buy pesticides and herbicides which are very useful in his farming business.
Lope hopes for the continuous growth of his business and to become a successful farmer someday.
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.