Marcelino is 29 years old. He has been engaged in his corn farming business for eleven years and he usually earns PHP 17,000 per crop season. He is willing to work hard every single day to lift his family out of poverty. Marcelino is married to Jennifer, who helps him manage their farm. According to him, through the income generated from his business, he is able to support his family’s needs.
At this time, Marcelino is requesting a loan of PHP 30,000 to purchase seeds and fertilizers to sustain his corn production. He hopes that he can get the amount he requested to further develop 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.