Hard work and dedication are Virgilio’s guiding principles. He is married with four children, three of whom are married and one of whom – his youngest – is still young and currently a student. Virgilio wants a stable source of income so he can meet his family’s basic needs and let his youngest child finish his studies. His wife is a vegetable vendor and he is in the agricultural business, raising hogs and corn crops.
Virgilio is thankful to God because in bad times and in good times he manages his agricultural business firmly. Now he plans to purchase hog feed and farm supplies for his corn field, but due to insufficient capital he is requesting a loan of PHP 35,000. He knows that this money would help him a lot, most especially in making his agricultural business more productive and profitable.
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.