Roberto is a 56-year-old father. He is married, and they are blessed with four children. Their main source of income is growing crops and farming rice. He has been in this business for almost 20 years. Roberto and his wife are earning a net income of 25,000 PHP (Philippines pesos) in farming.
Now, he is requesting a loan amounting to 38,000 PHP. He will utilize his loan to purchase fertilizers and seeds to grow in his farm. He hopes to have a good harvest so as to sell it for a good price to improve their standard of living.
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.