Lauriano's family lives in the peaceful village of San Pedro, Alicia. He is married and together they raise five children. The primary source of income from the village comes from planting and harvesting rice for future merchandise. Lauriano has been in this business for almost 20 years. Due to financial instability, he is asking for a loan of PHP 15,000 to buy rice seeds, fertilizers and insecticides used in farming.
Lauriano hopes that with the help of this loan he can improve his farming practices and help increase crop production. With his hard work and determination, he hopes that someday he can also improve his family's 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.