Farming has been the business involvement of Lorenzo. It's been two years since he started to cultivate his farmland. Lorenzo is 35 years old, married and has three children.
Lorenzo's main goal is to gain a plentiful harvest this next crop season. So, at his very best, he is trying to adopt some of the new farming techniques to make his rice farm more productive and profitable. But this time, Lorenzo struggles with a shortage of capital, so he is asking for a loan of PHP 20,000.This amount will be used in his farmland preparation and in buying farm inputs to ensure proper plant care for his rice crop production.
He hopes that his farming business will further improve so he can gain a better income, which will serve his children’s education and the improvement of his living conditions.
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.