Dexter is 35 years old, married, and his family lives in Padul. Dexter obtains income through rice farming. He plants and harvests rice to sell to traders.
As a farmer, he uses his net income from the previous harvest for the next planting season. Dexter only gained minimal income from his previous harvest, and that is why he is now asking for additional capital of 50,000 PHP (Philippine Pesos) to buy insect killer, herbicides, and fertilizers used in farming. This will help fight pests that will destroy and affect his crop's growth.
Someday, Dexter hopes to achieve a fruitful harvest so he will pay back his loan from the organization on time. He hopes to save funds for his family’s emergency purposes too.
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.