Jimmy is 29 years old; he is a farmer and is single. Rice farming allows him to gain about 10,000 PHP (Philippines pesos) to buy fertilizers and insecticides to use in farming. He wanted to increase his crop production; that is why he is now asking for a loan of 15,000 PHP to sustain his crops with fertilizers and insecticides. He will buy fertilizers and insecticides to use in farming.
In the future, Jimmy would like to keep improving his crop production and harvest crops abundantly to attain success in life.
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.