Romulo is 62 years old, married, and has three adult children. He farms three hectares of rice fields. His 40 years in farming and his experience leads him to develop his expertise in farming. His dream is to maintain his business and leave it to his three children because he knows that he is getting old.
Romulo is proud that despite the challenges he encountered the love remains in his family. He is also proud that being a farmer, he successfully sent his children to school where they finished their education.
Romulo’s capital for the sustenance of his farm is from the lenders. Romulo can now save some of his earnings but still not enough to provide for his needs in farming. Therefore, Romulo is requesting for a loan for 50,000 PHP, which he will use to buy fertilizers, seeds, herbicides, and insecticides and to pay his laborers.
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.