Joaquin is happy to live with his wife and four children. Most of the residents in their village are farmers. Joaquin is one those farmers whose primary source of income is from growing rice. Joaquin is 33 years of age and has been engaged in farming for almost 14 years.
Joaquin patiently manages his business because he has no other source of income for he and his family to live on. He has no chance for other employment because he did not finish his education. Joaquin has the perseverance to work for the future of his children. He wants them to go to college when the time comes.
Due to insufficient funds from farming, Joaquin is asking for a loan of 25,000 Philippine Pesos (PHP) to buy fertilizers and seeds. He hopes that someday he will give a better future to his family.
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.