Francisco is 28 years old, married, and has a child. He is a farmer who grows rice to sell. He also provides motorcycle transport service for an additional income aside from farming. For his farm, he hires additional laborers who help him plant and harvest the rice.
His income from the previous harvest helped him move on to the next planting season, but it was insufficient. That is why he is now borrowing a loan to buy fertilizers and pay for the labor costs of farming. This way, he will be able to improve his crops for a better yield.
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.