Mario had been a farmer for almost 20 years. He plants and cultivates rice as the primary source of his income. He usually earns about 20,000 Philippine pesos (PHP) each harvest season, during the months of April and November. He has five children that attend school so he needs to increase his earnings. He wants to finance their education so that they can earn a degree, unlike him that only finished his secondary education.
He is now asking for a loan of 12,000 PHP to buy five bags of UREA (fertilizers) to be used for farming.
He hopes to increase his yield for a higher income and to improve his family's living conditions.
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.