Mario is proud to be a farmer because through the income generated from his farming business, he is able to supply his family's needs. Mario is 48 years old, married, and has two children. The eldest is married while the youngest is still a college student.
Farming has been the main source of income for Mario's family. With the income generated from his farming business, he was able to buy a motorcycle and hogs to be raised. With the help of his wife, they are able to improve their three businesses. Mario grows rice crop on his 1.2 hectares of farm land. He also spends his other time raising his three boars and 30 piglets to make more income. Mario wakes up early in the morning to feed his raised hogs and after feeding them, he uses motorcycle transport for his daily travel going to and from the market. He is really a man of full of hopes and he is industrious. His income from his hog-raising was used to cover all his children's school fees, allowances, and some was used for repair and maintenance of his house.
With his dream to educate his youngest child, he is asking for additional working capital in the amount of PHP 30,000. He will be using this loan amount to buy farm supplies and pay for irrigation fees of his farming 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.