Ernesto is 59 years of age and blessed with two children. He is a farmer in their community who has been operating his farming business for 20 years. It has been his main source of income, which provides for the necessities of his family. He always wanted to see his family in a good way of living. For this reason, he’s in need of additional working capital to purchase the necessary inputs for his farming. He is asking for a loan amount of PHP 20,000 to buy seeds, pesticides, and fertilizers. Hopefully, this time he can yield more so that he can save for the future of his family as well as for his business.
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.