Rodolfo has been raising rice crops on 2 hectares of rice fields for two years. He is indeed thankful to lenders because his previous loan helped him develop his farm plot and ensure good nutrition for his crops. He has had an increased income which he had used for his family's basic necessities and for the education of his eldest child.
Rodolfo still aims to increase his profit and to ensure proper growth of his crops so he could have a continuous source of income. He is in need of additional working capital of PHP 20,000 due to the increased price of farm supplies and the cost of hired laborers. Rodolfo hopes that his farming business will continue to grow to provide for his family's well-being and to save for security purposes should he get weak.
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.