Edith M. is now 45 years old and married with two school-aged children. Edith is a farmer working in the Philippines. She earns PHP 9,000 per month.
Edith is asking for a loan of PHP 30,000 to purchase fertilizers and pesticides. Edith grows rice and has been doing it for 25 years.
In the future, Edith hopes to have a large crop of rice in order to earn more income to be used in financing the education of their children. She hopes that someday she will improve their living conditions and she dreams that their children will be successful in their careers.
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.