Catalino M. is a simple farmer, 42 years old. He plants corn and rice which are the major products in his village. He is now requesting to borrow PHP 28,000 in order to have enough capital for his farming business and to be able to avoid a loan from capitalists with big interest rates. He is hoping that, through this amount, he will probably generate a higher yield.
Catalino is married to Marivic and they are gifted with four children: Marvin - 19 years old, a high school graduate; Michelle - 17 years old, also a high school graduate; Mark Anthony - 15 years old, an elementary graduate; and their youngest, Claire - 12 years old, a high school freshmen student. Catalino prays for the best for his children and for the progress of their daily 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.