Antonio raises rice crops within his locality. He lives with his wife and six children. Antonio is now 53 years old but is still full of hope in life. Three of his children are still studying and in need of enough sustenance. Antonio also hires laborers who help him plant and harvest rice to sell. They usually sell harvested rice to traders and earn about 30,000 PHP each harvest season (twice a year). Antonio would like a loan of 50,000 PHP that will allow him to buy fertilizers, insecticides, pesticides, and help him pay farm labor costs.
Antonio hopes to become a successful farmer and keep his farming business a viable source of income for his family. In this way, he could support his children's education expenses and give them a comfortable lifestyle 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.