Reynaldo is a farmer. He is 43 years old, married, and has five children. He is planting and harvesting rice to sell for his family needs. He sometimes hires laborers to help him plant and harvest rice. He usually get an average net income of PHP 30,000 during harvest season and uses it to support his family's needs; what's left is utilized as revolving capital in farming.
Reynaldo wanted to keep improving his farming business, that is why he is asking for a loan to buy three bags of rice seeds and eight bags of fertilizers for his farming. This will help maintain his good crop production. He hopes to become a successful rice grower someday.
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.