Mario is a farmer living in the Philippines. He owns a one-hectare rice field located about a 15-minute walk from his house. Farming is what occupies his daily routine. He goes down to the field early in morning to ensure good growth of his crop. From the last harvest of November, he was able to earn PHP 20,000. This was used for daily meals and bills at home.
Mario is 56 years old, married and has three children. All his children have been sent to college through his income from the farming business. As of now, he has insufficient funds to buy four bags of rice seeds and 10 bags of fertilizer to maintain his crop. He is asking for PHP 20,000 to continuously generate good income from his crop.
Someday, Mario hopes to keep earning funds to save for future expenses so that he will no longer rely on his children's remittances.
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.