Alejandro is 40 years old, married with three children, and from the village of Divisoria. He is a tenant managing a one-hectare corn field. He used to hire farm laborers when he planted and harvested corn; however, because of financial difficulties, he is requesting a loan amounting to PHP15,000 to pay labor costs and to buy farm supplies to sustain and pursue his farming well. His wife, on the other hand, is selling fruits for daily immediate needs. Alejandro dreams to see his family in the future in good living conditions.
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.