Mariano said, "Being a farmer is a challenging profession, it requires more patience and sacrifices to have a plentiful harvest".
Mariano has been a farmer for more than 30 years, planting and harvesting rice for sale. At his age of 51, he manages and supports his family and educates his only child. Sometimes they experience financial difficulty, especially when they have low production of rice, but through hard work they are able look for other sources of income in order to meet their needs.
Due to the high cost of commodities, Mariano wants to ask for a loan of PHP 15,000 to buy seeds, fertilizers, pesticides and pay for labor cost required in planting rice. He mentioned that he will use this loan in the improvement of his rice farming business to increase his yield and income for this coming harvest season.
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.