Gregorio is a farmer from Alcala. He lives with his children and wife. They rely on planting and harvesting rice for an income to support their immediate needs. He patiently manages a hectare of rice field. He makes about PHP 20,000 average net income twice a year (during the harvest).
He wanted to improve his crop production but had insufficient funds. That is why he is asking for a loan to invest in his farming business. He will buy fertilizers and pay for the labor cost of planting rice seeds. Someday, he hopes to become a successful rice grower and will give a better life to his family.
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.