Farming is the primary activity of Rodrigo for about 10 years. He works and operates a farming business. He mentioned that if the harvest is good, he produces 120 cavans of rice every cropping. But if it is not, he only gets half of that harvest. Aside from farming, he also has a small furniture business as one way to earn additional income.
Rodrigo is a 54-year-old married father of two. They are living harmoniously in the town of Delfin Albano. He wants to have a loan of PHP 40,000 as added capital for his farming maintenance. With this loan, he will purchase agricultural supplies like rice seeds and fertilizers. His earnings from farming are used for the improvement and expansion of his furniture business. In this way, he is able to earn a higher income for the family’s future and daily needs. This is especially since he and his wife are not getting younger. He also wanted to make improvements to their house if he is able to make a good harvest on the next cropping.
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.