Reynaldo is a humble farmer from San Pedro, Alicia in the province of Isabela. He is married to a housewife, and he is now 42 years of age. They were blessed with four children, whom he sends to school. Reynaldo owns a hectare plot of land which he plants and cultivates with rice to merchandise. This is Reynaldo's primary source of income. He usually acquires a net income of 20,000 PHP each harvest season, during the months of April and November. Now, Reynaldo is borrowing a loan amount of 25,000 PHP to buy fertilizers and insecticides in order to maintain good crops from his farm. In the future, he aims to alleviate his family from poverty.
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.