Reynaldo is happy with his family. He is 49 years old and married with children living with them.
In his rice field, he plants and harvests rice to sell to traders. His income usually goes for meals, bills at home and revolving capital for his business.
He aims for better crop production but has had insufficient funds to sustain his crop; that is why he is asking for a loan of PHP 30,000 to buy fertilizers and insecticides used in farming. These products will help ensure good nutrition to his crops and someday give him abundant harvests.
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.