Mario is dedicated to his agriculture business. He has been planting corn crops and has been in this line of business for five years. Aside from the farming business, his family also has a variety store where his wife is in charge of improving it. Mario has been characterized as a person who is hardworking and kind to his local community.
Mario said that the income he generates from his farming business goes immediately to cover their obligations to other traders where they get their farm supplies and some amount is used for their daily household expenses and payment for their electric bills monthly. He would like to improve his farm land so that his yield will increase but because his income is not enough, he is asking for additional capital in the amount of P27,000. This amount would be a big help in maintaining and improving his farming business. Mario is hoping that he could make his farm land more productive so that he could earn a greater income to provide for the needs of his family.
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.