Pedro is 53 years old. He had three children, and he is a farmer. He is planting and harvesting rice to sell. He had been doing it for 10 years now and earns about 10,000 PHP (Philippines pesos) each month. It goes for meals, bills at home and revolving capital in the business.
He is now asking for additional capital of 15,000 PHP to buy fertilizers and insecticides to use in farming.
Someday, a good harvest will help him achieve better income 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.