Tony is engaged in the farming business. In particular, he grows palay (unhusked rice) in his 1.5 hectare rice field. He has been doing this kind of business for three years. Tony is a young farmer. He is married and has one child. His main goal in life is to have a stable source of income so that he can provide a quality education for his child and someday improve his family's way of living.
Tony would like to purchase farm supplies such as insecticides, sacks of seedlings and eight sacks of fertilizer for his farming business. However, he lacks capital. This is the reason why he would like to borrow a loan of 50,000 PHP from Kiva lenders. He knows that this amount will help him a lot in improving his production of rice crops and in obtaining a better income. Tony hopes and prays that his farming business will continue to improve so that he can attain his goals 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.