In the year 1996, Joel started to manage their rice field. He is 40 years old and is married with four children. He plants and harvests rice for sale. His wife is engaged in a hog-raising business for their additional income. They work hard to give their children a good quality of life.
He would like to expand his rice plantation, but he has inadequate capital. Therefore, Joel is asking for additional capital in the amount of 30,000 PHP to buy rice seed, fertilizers, insecticides and pay labor costs required to plant rice. He believes that this loan will help him improve the business, and he hopes that he will have a fruitful harvest.
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.