Victorio is 47 years old and married. He lives in Isabela with his family. He has been a farmer for more than eight years. His business has really grown over the years. Now he seeks a loan amounting to PHP 18,000 to buy fertilizer, pesticide and seeds to grow on his farmland. He hopes that in the next five years he will be able to buy rental houses that will generate additional income for his business.
The major challenge he has been facing on the farm is lack of insecticides. So, he hopes to obtain his requested loan amount to improve his standard of living.
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.