Erwin is a hardworking man living in Baculud with his parents. He is a farmer who plants and harvests rice to sell; he had been in the farming business for more than five years. His income of PHP 20,000 twice a year,during harvest, goes for meals, revolving capital in the business, and other bills at home.
He hopes to keep nourishing his crops to attain a plentiful harvest, which is why he is now borrowing PHP 50,000 to buy fertilizer and insecticides to use in farming.
In the future, Erwin hopes to keep improving his farming business to achieve a bountiful harvest that will help improve his family's living conditions.
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.