Romelo has been engaged in the farming business, particularly raising rice crops. He is 46 years old and happily married. He and his wife were blessed with four children. Two of them are working, one is married, and the youngest is still studying. Romelo's wife is a vendor of native cakes and fruits, in their local community. He is glad, because his wife is supportive and responsible, too.
Romelo's earned profit goes to their family's daily needs, maintenance for his motorcycle transport, and monthly electric bills. So the capital intended for his farm land is no longer enough. With regard to this matter, he is seeking another loan amount of PHP 20,000, which will allow him to buy necessary farm supplies, such as fertilizer and insecticide. He believes that applying these farm supplies to his rice crops will ensure proper growth, which will enable him to earn greater profit for his family's welfare.
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.