Toribio is 50 years old, married to Perla, and together they are raising three children who are in school. His family lives a less fortunate lifestyle. To make a living, Toribio cultivates rice as the source of his income. He plants and harvest rice. Sometimes, his spouse also helps him in transplanting rice seedlings to the farm. According to him, rice farming requires patience and determination. He wants to achieve more crop production so he is asking for a loan of 12,000 Philippine pesos (PHP) to buy pesticides and fertilizers to ensure a good crop in his rice field.
In the future, he would like to continue generating good income from his farming business. Toribio also promises to pay the said loan amount on time.
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.