Reymar has been in the farming business for several years. To provide the needed inputs for his crop, he is asking for a loan of PHP15,000. He will use this amount to buy agricultural supplies, like fertilizers, seeds, herbicides and insecticides. With the earnings that he obtains from his sales, he manages to cover some of his family's household costs.
Reymar, who is 21 years old, lives with his wife in their simple village of Divisoria. His dream is to give his family a progressively better means of living. Thus, he is working hard, and he will be thankful for this financial support if it should be approved.
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.