Lito is a farmer from Pinopoc. He is married and has children to sustain with his wife. He patiently manages his farm, where he plants and harvests rice. He also hires additional laborers who help him in planting and harvesting.
He hopes for profitable harvests, and that is why he is now borrowing money to buy fertilizers and pesticides to use in farming. He hopes to ensure good growth of crops in order to abundantly harvest good crops. This will help educate his family and lift their living condition gradually.
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.