Farming is the primary source of income for Mario's family. He has been a rice grower for 21 years. Mario owns four hectares of rice fields. Aside from farming, he also helps his wife raise hogs as an additional source of income.
Mario is married with five children. Currently, two of his children go to school, two are Overseas Filipino Workers (OFW), and one is married. Any profits from Mario's farming business goes to basic commodities, allowances for his two schoolchildren and some is used for maintenance of his livestock business. Mario's main priority is to increase the yield he obtains all throughout the crop season but he struggles with a shortage of funds. For this reason, he has requested a loan of PHP 35,0000 so that he can buy farm inputs such as fertilizer and pay for labor costs.
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.