Ferdinand hopes to achieve abundant harvest to help pay for the education of his children in order for them to earn a degree, which is the only legacy he could pass on to them when he returns to dust.
Ferdinand is 49 years old, a father to his five children, three of whom attend college. His wife also cooks and sells food for snacks and daily meals to supplement the income derived from farming.
Ferdinand owns and manages a 1.5 hectare of rice field where he plants and harvests rice to sell. Ferdinand is now borrowing a loan to buy fertilizers, insecticides, and herbicides he needs to till and maintain his farm for a better yield. This will help ensure the good nutrition of his crops.
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.