Marcial is 45 years old, married and blessed with three children. To make a living, he has been growing corn for almost twenty years. He earned 30,000 Phillipine pesos (PHP) at the last cropping.
Marcial is requesting a loan of PHP 35,000 to purchase seedlings and fertilizers for his farm business. He is determined to work hard to supplement his family's daily needs. He hopes that Kiva will continue to give him financial assistance to improve his family's status in life.
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.