Ricky is a farmer who currently cultivates his parent's farmland. He is 43 years old and lives with his partner. He has three children who are attending school.
Ricky's primary source of income comes from his farming business. Aside from farming, he also raises cattle. Ricky aims to have a viable source of income someday but his capital is not enough. For this reason, he is requesting a loan of PHP 18,000. This loan will be used to buy organic fertilizer and agrochemical products. He knows that through his requested loan, he could further sustain his crops with complete farm inputs that enable him to keep his crops healthy and earn a greater income someday.
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.