Guillermo is from the village of Benito in the northern Luzon province of Isabela. He is 47 years old and married. To make a living, he owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting corn for sale. He has been engaged in his business for over 15 years and earns about P 35,000 per cropping.
Guillermo is requesting a new loan of P 35,000. This loan will be used to purchase additional seeds and fertilizer to raise his crops. He plans to use the additional revenue generated to improve and expand his business.
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.