Gregorio's income comes from selling crops. He is a farmer planting and harvesting rice to sell. He had been in the business for over ten years now and earns about P15,000 each harvest season (twice a year). Gregorio is 49 years-old and married and had four children. Gregorio would like to improve his crop output but has had insufficient funds. Therefore, he is asking for a loan of P30,000 in order to buy farm materials (insecticides, pesticides and fertilizers) to use in farming.
Gregorio would like to keep improving his farming business in order to provide a good education and better living for his family.
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.