Mario is a farmer who grows rice in the Philippines. He has been in this business for 20 years. Mario is proud that his expertise in farming continually improves while he runs the business. Mario is 45 years old, married and has two school-age children. Mario’s wife is a beautician expert who does hair style cutting, manicures and pedicures. Her income provides their children's daily allowances in school.
Mario is asking for a loan of PHP 35,000 to pay for the labor cost in farming and to buy fertilizer and herbicides for plant care. He expects to use the loan wisely in his farming 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.