Marcial is a farmer who has been raising crops for almost 20 years. Despite his farming experience, he aspires to better yields. He is married and has two children who are in high school. The inputs he needs to improve his crops are expensive, and he lacks funds. He is asking for a loan of PHP 35,000 to buy rice seeds and eight sacks of fertilizer for his farm.
Someday he would like to earn enough money to send his children to college while supporting the family's daily needs.
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.