Nelson, a father of three children, is 42 years old and lives in Divisoria. He needed financial assistance in order to get an additional labor force for his farming business. Therefore, he requested from lenders a loan to pay for the labor costs and to buy fertilizer and seeds. He wants the best for his family so he is working hard for them through farming. Furthermore, his dream to see his three children finish their studies in college and somehow be employed in decent jobs is an ultimate goal for Nelson, so he is very patient and sacrifices a lot in his farming to earn enough income.
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.