Merlito grows rice to sell. He is 53 years old and a widower, and has been responsible for fulfilling the needs of his family. He plants and harvests rice to sell and also pays for laborers who helped him in the rice field.
He hopes to improve crop production, so he is seeking additional capital of PHP 30,000. He will buy farm inputs (fertilizer and pesticides) to sustain his crops and hopes to have an abundant harvest.
Merlito hopes to keep improving crop production and upgrade his family's living condition.
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.