Virgilio is a resourceful and responsible man. He is 57 years of age, married with five children. Two of his children are married, two go to school and the other child helps in his rice field. Virgilio's priority in life is to increase his profit so he can let his two children finish their studies and give them a better way of life and sustain all their basic necessities in life.
Virgilio would like to borrow additional capital of PHP 25,000 from lenders. He will use this loan amount to buy farm supplies such as fertilizer, insecticides and pay for the labor cost of transplanting his rice crop to his farm land. Virgilio believes that his success will rely on him operating his farming business well. In addition, he could attain his goal in life through continuous access of financial assistance of lenders to his business.
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.