Hilario is peacefully living with his wife and three children. He is 45-years of age and runs his two hectares of rice fields. He has been managing it for almost 20 years and he really enjoys his farming activities. He and his wife work hard to earn a living. Hilario is thankful and blessed because his wife is supportive in managing their rice field.
Hilario's wife is involved in a direct selling business wherein she sells different kinds of RTW's, cosmetic products, lotion, perfumes and shoes. He really appreciates his wife's effort because she is helping him to make a living. According to Hilario, the income generated from his rice field's last crop have gone for the education of his three children.
In this situation, his income is no longer sufficient to improve his rice field. So, for this reason, Hilario decided to borrow for additional capital amounting to P30,000 which will be used in making his rice field more productive through purchasing the farm supplies needed in his rice production. He will be using his requested loan to buy farm inputs such as certified seeds, insecticides, herbicides, gasoline and to pay for the labor cost of planting and sowing the rice crop to his farm land. He is hoping that his patience and borrowed additional capital will give him a fruitful outcome. In this way, he could give his family a better living and send his children into higher level of education.
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.