Jerry grows various varieties of rice in his field. He has been in this business for almost 10 years, and loves managing his business because it is his family's main source of income. He is married and has three children, all of whom are in school. His dream is to have a great harvest continuously so that he can continue send his children to school through college, but he struggles just to maintain his business and have good yield. Due to financial constraints, he is asking for a loan for PHP 50,000 to buy supplies for his farm. He believes that through this loan, he will able to attain his dream of having a successful farm and sending his children to college.
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.