Alex, 35, is married and his wife is his highest priority. He is requesting a loan of PHP 24,000 to buy compost and herbicides, and to pay for labor to maintain and improve his rice field. Alex has plenty of experience in managing this crop. Based on his knowledge, he can obtain the best production results. He wants to take advantage of his crop so that he can provide for himself and his wife. Alex would like to secure his financial future because he currently has difficulty generating income. He is very confident that increasing his rice production will stabilize his financial situation.
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.