Marve has been a simple farmer for eight years in Mallig, Isabela in the Philippines. He is 37, and is married with three children who are all school aged.
He raises three fattening pigs and one pig for breeding purpose. He also manages a rice and corn farm of almost two hectares to financially support his family's daily living. From the livestock business, he is earning the average income of PHP12,000 in three-four months.
Marve is now requesting his second loan amounting to PHP30,000 as added capital in his farming and livestock business. He will buy sacks of hog feed to sufficiently sustain his livestock. His hope is to continue improving his livestock business for the future college education of his children.
Marve also operates a furniture shop business where he invested his first availed loan.
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.