Vicmar admits that his career path means a lot of hard work and patience. He is 32 years old and a single man. He is the youngest among his three siblings, so he lives with his parents.
Vicmar plants rice on his two hectares of farm land. Since it's planting season, he makes sure that his farm plot is well prepared with complete essential nutrients enabling him to obtain a plentiful harvest this next crop season. Vicmar struggles from insufficient funds so he is asking for a loan of PHP 30,000 which will be used to prepare his two hectares of rice fields, and for buying farm supplies. He knows that through this loan he could further improve his financial stability and have a comfortable living condition.
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.