Federico is 50 years old and a father of nine children. He is raising his family in a rural community, planting and harvesting rice, fruits and vegetables for sale. His wife helps him in managing their farming business to generate sufficient income for their family. They aimed to increase their yields and income so that they will continue sending their five youngest children to school. Due to the high cost of commodities and school fees, Federico wants to improve his citrus plantation to ensure a high production. He is asking for financial assistance amounting to P30,000 to buy fertilizers and insecticides needed for the maintenance of his citrus plantation. Through patience and hard work, he is hoping that he will improve his farming business and have a fruitful harvest.
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.