Norberto is 44 years old and married to Norma, who is a mother who always takes care of her three children. Norberto is involved in planting and harvesting corn for sale. He has been in his business for 30 years. He usually received a net income of 30,000 PHP every harvest season.
Right now, Norberto wants to borrow a loan amounting to 35,000 PHP to buy farm inputs such as fertilizer and corn seed and pay the labor cost for planting corn. He hopes that he can get the amount he requested for the further growth of his business.
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.