Fidel is a farmer peacefully living at Alcala with his spouse and child. He makes his living by patiently planting and harvesting rice to sell. He also pays additional laborers who helped him plant and harvest rice. Fidel acquires about 15,000 PHP twice a year (during harvest). He is now asking for a loan of 15,000 PHP to buy fertilizers and insecticides for his farm. It will help improve crop production.
In the future, Fidel hopes to continue growing as a successful farmer and a good father 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.