Rolando, 43 years of age, is married, and they blessed with three children. He has managed a corn farming business for almost 17 years. Last cropping, his net income was 28,000 PHP (Philippines pesos). He wanted to seek a loan amounting to 15,000 PHP to purchase fertilizers and seedlings for his farm. He's hoping that his requested loan will be granted so that he can able to utilize it in his agricultural businesses.
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.