Orlando S. is from the town of Ilagan. He is 34 years old, married and has two school-aged children. Orlando owns and operates a business raising crops, mainly planting and harvesting rice.
In 2007, Orlando joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Orlando has successfully repaid a previous loan from ASKI to purchase seeds, seedlings and young crops to raise.
Orlando is requesting a new loan of 20,000 PHP to purchase more seeds, seedlings and young crops. He plans to use the additional revenue generated to support his family.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolks and small entrepreneurs.
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.