Pedro is a farmer from Solana. He is 58 years old, married and has five children. Pedro has been managing a farming business for over 10 years. He plants and harvests rice to sell and earns about PHP 20,000 from each harvest. He uses it to pay laborers, for capital in the business, and to pay education fees. He is now applying for a loan of PHP 40,000 to pay labor costs for planting and transplanting rice to sell and to buy fertilizer for maintenance. Pedro will be very happy to achieve a plentiful harvest some day. He will use the income to keep improving his farming business and become successful in the future.
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.