Erminio is from the village of Isabela. He is 37 years old. He is married and has five school-aged children. To make a living, Erminio owns & 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 primarily from planting & harvesting corn for sale. He has been engaged in this business for 12 years and earns about P 30,000 per harvest.
His previous loan was used to purchase seeds, seedlings, young crops and fertilizer. Erminio is requesting a new loan of P 40,000. In the future, he plans to use the additional revenue generated from the business to improve the general living conditions 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.