Dionicio is 41 years old. He is married and has two children. They live in La Paz, where he manages their rice field.
Dionicio has worked on his farm for twenty-five years. His wife is also engaged in a hog-raising business for extra income. They are both thankful because the income they generate from their businesses has helped them to provide for their daily needs and to be able to continue sending their children to school.
Now, Dionicio is requesting a loan of 38,000 PHP to purchase rice seedlings and fertilizers for his rice farming business. He hopes that he can get the amount he requested and promises to repay the loan on time.
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.