Julio grows rice crops in the village of Villa Marzo. He has been in this business for 30 years. Aside from farming, he also engages himself in buying and selling of cows and carabao (domestic water buffaloes). Julio is happily married with three children. Only his youngest child goes to school.
Julio would like to maintain the productivity of his rice field in order to obtain continually better yields and profits.To make this goal possible, he is asking for a loan of PHP 15,000, which will allow him to buy farm supplies, such as fertilizer and insecticides, to ensure his rice crop has good nutrition. He knows that this loan amount will enable him to earn better income and improve his living conditions. Julio is hoping for continuous access of financial services so that he can continue to support his youngest child's education and sustain all of his family's basic necessities.
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.