Villamor believes that "Success is the fruit of patience and sacrifices". He is an industrious farmer who raised his family in a village, planting and harvesting rice for sale. He is now 56 years old and has only one child. Together with his wife, he has been managing their 1.5 hectares of farm land for almost 33 years now, and usually earns a net profit of PHP 25,000 every harvest season.
Due to the high cost of commodities and transportation, Villamor is asking for a loan of PHP 50,000 to buy seeds, fertilizers, pesticides and other necessaries associated with planting rice. He believes that through patience and hard work, he will increase their yields and income. He is hoping that in the future, they will earn and save more for future emergencies and renovate their own house so they can live more comfortably.
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.