Herminio's dream is to become financially stable in the future. He is 56 and a father of five. He has owned and managed 1 hectare of rice fields for almost 28 years and usually earns a profits of only P 23,000 per cropping. He works hard and endures hardships because he wants to continue sending his children to school.
He aimed to increase his yields this coming season to earn a higher income to finance the education of their children and other family needs. He requests a loan of P10,000 to buy fertilizers, pesticides and pay expenses incurred in transplanting the rice seedlings. He believes that, patience and hard work are the only key to make his dream into a reality.
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.