Raul is a farmer living in the mountainous region of Isabela . He is married and has five children. He has been involved in this business for over 15 years. He started farming on a quarter-acre farm and has seen his business grow through the purchase of land. Now he carries out the business on two acres of land.
His crop farming is a profitable business due to the demand for corn and rice in local towns. He is applying for a loan of PHP 20,000 in order to purchase seeds and fertilizers.
Due to the periodic water shortages, Raul hopes to acquire a water pump to irrigate the land. He plans to achieve this by saving the additional profits obtained by this loan.
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.