Silvino is 42 years old, married and had three children who peacefully lived at Carilucud. He is a farmer who plants and harvests rice to sell. His wife is a vendor and a hog raiser, too. Together, they generate income for their family's sustenance. He is asking for a loan of 32,000 PHP to buy urea (fertilizer), insecticides and pesticides to use in farming. This will help maintain healthy crop growth leading to a good harvest for his farming business.
In the future, Silvino would like to maintain his farming business for his children's education and for the overall welfare of his family.
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.