Laywi is 54 years old. He is married and has four children. They live in Naganacan, where he manages his one-hectare family rice field. He has been farming for 20 years. He received just PHP 11,000 from his last crop because of an unexpected typhoon. Therefore, Laywi is requesting a loan of PHP 25,000 to purchase rice seedlings and fertilizers for his rice farm. He hopes that he can get the amount he has requested, and he promises to repay the loan on time. He believes that this loan will be of enormous help for increasing his yield.
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.