Tito is 44 years old, married and has four children. As a farmer, Tito visits his rice field every day for monitoring. He usually gets an income of about PHP (Philippine pesos) 30,000 every harvest season, and that is twice a year.
He would like to ensure good growth of his crops. That is why he is asking for a loan for maintaining and improving his yield every cropping. The loan will be used to buy fertilizers, pesticides, herbicides and crude oil for his farming needs. These will help improve his crop production.
Tito hopes to become a productive farmer and keep improving his crop output. This way, he will continue to provide for the educational needs of his children.
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.