Emilio, age 40, is married to a semi government employee and they blessed with three children.
He has done a rice farming business for almost 30 years, and last harvest season earned an amount of 70,000 PHP. His profit was used in the school allowances and daily expenditures of their family.
Due to insufficient funds in his farming business, he decided to avail a loan amounting to 50,000 PHP to purchase fertilizers, seedlings, and insecticides for his farm. He's hoping that his requested loan will be granted so that his business will continue to grow and become more profitable.
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.