Gercicio is 50 years old and married. He has nine children, five of whom are studying in school and in need of daily allowances and matriculation fees.
Gercicio is planting and harvesting rice to sell. This is his viable source of income. He usually gains about 20,000 Philippine pesos (PHP) each harvest, which happens twice a year.
Gercicio wants to improve his output. That is why he is asking for a loan of 35,000 PHP to buy rice seeds as well as fertilizers and pesticides used in rice farming. He will invest any additional revenue to keep improving the business.
In the future, Gercicio would like to achieve abundant harvests and will save funds for his family's future expenses. He also promises to pay back his loan in full.
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.