Michael is a student, taking college level courses. While studying, he helps his mother manage their large rice crop.
Michael is requesting a loan for 40,000 PHP, which he will use to buy fertilizers and rice seeds to grow. This loan will be a big help for Michael to meet their farming needs. Michael's dream is to finish his education and have a stable job. He is very excited to get work someday and will help his mother in financial matters.
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.