Elorde is 49 years old, and he is a farmer. He aims to improve his farming business; that's why he is asking for a loan of 10,000 PHP (Philippines pesos) to buy seeds, insecticides and fertilizer for his farm. He hopes that through this amount of loan, he could obtain an abundant harvest and greater income, which will serve his family's welfare and the improvement of his living conditions.
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.