Mario is a father who dreams of having a better way of living.He is a farmer who grows rice crops on his rice farmland. Every crop season, Mario’s goal is to produce a high yield. He always visits his farm to assure that his crop is in good condition.
Having good crops is quite hard, due to some factors such as weather conditions and sometimes fertilizers and herbicides insufficiently applied to the rice field. In this connection,Mario is asking for a loan of PHP 30,000 to buy herbicides, pesticides, and fertilizers for his crops. He will also use the loan to pay for the labor cost of farming. Mario hopes to produce a higher yield and increase his income as well.
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.