Marcelo is from the village of Benito Soliven, in the province of Isabela. He is 33 years old. Marcelo is married and has two school-aged children. To make a living, Marcelo owns and operates a business in the agriculture sector raising crops. While it is not the only means of generating revenue, the main source of income from the business comes primarily from planting and harvesting corn to sell. Marcelo has been engaged in his business for over 12 years and earns approximately 35,000 PHP per harvest season.
Marcelo is requesting a new loan of PHP 30,000 which will be used to purchase fertilizers such as manure. He plans to use the additional revenue generated from the business 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.