Mario wants to prove that being a farmer does not mean that you cannot succeed. He is doing his best to become one of the successful farmers in their village. Through his profit from farming, he is able to support the education of his children.
Mario is a rice grower. He admits that he has difficulty in financing his farming needs since his priority is the education of his children. Because of this, Mario is asking for a loan of P30,000 to buy fertilizers and herbicides and to pay labor costs for land preparation. He is positive that having this capital will make his business grow and be profitable.
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.