Amado has been engaged in a farming business since 1975. He is married and has nine children. Three of his children are married; four are working; one is studying and the other one left is out of school. According to Amado, the profit gained from his farming business was used for their household needs and education of his children during their school days.
Amado cultivates his 8 hectares of rice field. He is able to expand his rice field through his hard labor and determination in life. Now at age 61, he still aims for a better income so he could let his youngest child finish his studies and save some for his emergency purposes for when he gets weak. For him to obtain his goal, he is asking for additional capital amounting to PHP30,000. He will use this loan amount in buying fertilizer and necessary insecticides to ensure proper growth of his rice crops.
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.