Napoleon is 53 years old but still generates income for his family. He raises corn to sell and generates 10,000 P (Philippines pesos) each harvest season. He utilizes it to pay school fees for his youngest child. He has five children. His wife sells vegetables, too.
Napoleon is now borrowing a loan of 15,000 P to buy fertilizers and insecticides used in the farming business. This will help ensure good crop growth and an increase in income as well. Someday, he hopes to keep growing as a successful corn grower in their village.
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.