Rodolfo is a responsible father who aims to educate his children and give them a better life. He is 48 years old and has two school-age children. Vegetable production is a major source of his income; therefore, he aims to plant more of it so that he will increase his production and earn a higher income.
He has been a farmer for more than 20 years and usually earns a profit of 15,000 Philippines pesos (PHP) in every harvest season. He utilizes his income for the family's daily needs and allowances of his children in school. Due to the high cost of commodities and school fees, he aims to increase his vegetable production to earn sufficient income for his family. He is asking for additional capital of 20,000 PHP to buy fertilizers and insecticides needed for vegetable production. He hopes that his loan will enable him to make an improvement in his farming 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.