Salvador is a proud and experienced farmer who grows rice in Roma Sur. He has been in the farming business for almost 20 years and learned farming practices from his parents. Salvador is now 52 years old and has two children. His wife also manages a small store for additional income. They work hard for the family's sustenance. They usually earn PHP 30,000 each month from their businesses.
Now, Salvador would like to keep improving his crop production. He is requesting a loan of PHP 50,000 to invest in farm inputs necessary for good nutrition for his crops so that he can harvest them profitably. He will buy fertilizers and insecticides for use in farming. Additional revenue will be invested for school fees for his children and in the retail business.
With good income from their businesses, Salvador and his wife will achieve income stability someday.
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.