Marlon is a farmer who is raising his family in a rural community. He aims to uplift their status of living in order to give his family a better life. To make a living, he cultivates their farm land by planting rice and some vegetables for sale. Due to the high cost of commodities and school fees, he also engages in raising fingerlings to earn additional income. He plans to acquire more fingerlings to raise, but he has inadequate capital. Therefore, he is asking for an additional 24,000 Philippines pesos to buy fish feed and additional fingerlings to raise. Through this financial assistance, he believes that he will be going to improve the 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.