Mario is a married man with a child. He owns a farm where he plants and harvests rice to sell. He has managed farming for over five years. Mario’s income for every crop depends on the weather conditions. Sometimes, it is also depends on the farm inputs applied, like fertilizers.
Mario has been a member of ASKI and KIVA loan program for over three years, and he is now asking for a loan of PHP39,000 to buy fertilizers and herbicides that he will apply in growing rice. He hopes to get an abundant harvest out from it in the near future.
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.