Angelino is 51 years old and married with eight grown children. He is a farmer working in the Philippines. His wife helps him till their farm lot. He has been raising rice for five years already. He earns approximately PHP 50,000 average net income per cropping or for every five months.
Angelino is applying for a loan amounting to PHP 15,000 that he will use to purchase a variety of rice and fertilizers. He hopes to harvest more crops by the next cropping season. He is doing his best to make further improvement in the business for the welfare of his family.
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.