Marcelo is a farmer. He works daily in his farm with his strong desire to improve his crop production. He works full time in the maintenance of his farming business. He is 35 years old and is now widowed. He works hard to lift his family living out of poverty and to give his two children a better education.
Due to the high cost of basic commodities and farm inputs, Marcelo is requesting a loan of PHP 15,000 in order to purchase farm inputs such as seeds and fertilizers. He hopes to increase his profits so that he can sustain the financial needs of his children and save money for the future. Marcelo believes that through his patience in managing his business, he will be able to improve his family's standard of living.
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.