Donero is requesting a loan of 20,000 Philippines pesos (PHP) from lenders. He will purchase agricultural supplies like fertilizers, rice seeds, and pesticides. He will also use part of the loan to pay for the labor cost spent in farming and snacks or food for his helpers in the farm labor.
Donero is 46 years old, is married, and has six children. He lives in the village of Antagan with his family. According to him, its not easy to have six children, especially when they are all attending school, for a farmer like him. His wife used to budget their daily immediate needs and allowances of their children. Truly, his income in farming is not enough. He hopes that with this financial assistance, he will keep improving his rice crop production.
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.