Farming is the major source of income for families in the peaceful place where Jay lives. He is 31 years old and lives with his family in that place located in Cagayan Valley. He has four children. His wife does the house chores and nurses their children. In her free time, she helps him in their farm cultivation and maintenance. Jay has not achieve any higher education and most years, he worked in his farm. To further improve his production, Jay is asking for a loan of 15,000 PHP and will use it to purchase sacks of fertilizers and seeds to grow on the farm.
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.