Edwardo is a farmer. He is married and has two children. His wife is a homemaker. To make a living, Edwardo patiently raise crops, primarily planting and harvesting rice to sell. He usually yields about PHP 10,000 each harvest season (twice each a year) and spends it on expenses. He would like to increase his income, which is why he is asking for a loan to invest in making his crops fruitful. He is asking for PHP 10,000 to pay for farming labor fees and buy rice seeds and fertilizer.
In the future, Edwardo hopes to become a progressive farmer and lift his family from their poor living condition.
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.