Carlos is fifty years old, living in the rural area of Buenavista with his family. He is in the farming business (seasonal agriculture). He has been in this business for the last thirteen years. He grows rice and corn that he harvests twice a year. He hopes to use the loan advanced to him to buy seeds and fertilizer for farm maintenance and to prepare farmlands for propagation. In the future, he hopes to continue to make improvements on the farm and somehow open up a small retail shop for his wife to manage to generate daily 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.