Jesus is 53-years-old, married to a food vendor and blessed with three children. He manages a farming business, particularly rice farming. With his two hectares farm, he has earned an amount of 120,000 PHP. His profits in this business was spent on school allowances for his son and grandchildren. Due to financial constraints, he would like to use a loan amounting to 50,000 PHP to purchase fertilizers, seedlings, and insecticides. He's hoping that his requested loan will be granted so that he can use his loan and earn more profits.
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.