Richard is a farmer within his locality. He is 36 years old, married, and has a child. Richard is determined and working hard to attain success in life. Richard's main crop is rice. He has been planting and harvesting rice to sell for over five years now, with determination to improve his rice crop production and way of life. Richard requested a loan of PHP 15,000 to buy fertilizer and pesticides which will be used in his farming business. He knows that this loan amount will help him in achieving his goals in life.
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.