Armenio owns six hectares of rice field within his locality. He has managed this kind of business for 32 years. He is a hardworking father and responsible husband. He is happily married and has been blessed with three children.
Armenio would like to seek additional capital of PHP 30,000 due to the many hectares of rice field he operates. He will use this amount to buy essential insecticides and fertilizer to keep his rice field productive. Armenio knows that this loan will have much to do with the improvement of his rice crops because he could nourish them with complete farm supplies. He just hopes and prays that lenders will grant his requested amount of loan so he could sustain his family's well-being and send his three children to a higher level of education.
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.