Charlito manages his farm business. He is 56 years old and married to a teacher. They are blessed with three children.
Through his earnings in farming and the salary of his wife, their children successfully finished their college education. Now, his children are currently working abroad.
Charlito shared that sometimes he receives remittances from his children to support his needs, but he doesn’t want to only rely on their support because, someday, they will have their own families to support.
Charlito wanted to borrow a loan of PHP 50,000 to buy farm inputs, like herbicides, fertilizer, and pesticides. He hopes to earn higher income and save some of it to be able to support his agricultural business.
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.