Marcelo is happily living with his wife and three children. He is from a village where most income comes from rice farming. He is thankful to God because even though he didn't finish his studies, he is still able to run his farming business wisely. He aims to have a better and more stable source of income so he can send his three children on to higher levels of education. His goal in life pushes him to work on his farming business.
Since crop season starts this month, Marcelo is asking for additional working capital amounting to PHP 25,000. He will use this loan to prepare his farm land and to buy farm supplies such as fertilizer and insecticides. He knows that all these farm supplies are necessary for the improvement of his rice field and will enable him to obtain plentiful harvests in the coming season. Marcelo is hoping for the approval of his requested loan amount so he can move further toward attaining his goal in life.
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.