Alfredo is 53 years old, married, and had three children. He plants and harvests rice crop to sell. Through this kind of business, he was able to sustain his family needs. According to him, he earns about PHP 20,000 each crop season, which is twice a year; some of it is used for the maintenance of his crops and some goes for meals and bills at home.
Alfredo wanted to ensure good crop production, but he had insufficient funds to sustain his crop. With regards to this matter, he is asking for a loan of PHP 15,000 to buy four bags of rice seeds, fertilizers, and insecticides to be used in farming.
He hopes that lenders will approve his requested loan so he can obtain greater income and improve his way of living.
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.