Rowena is married with 2 school-aged children. She is a farmer working in the Philippines and has been doing this type of work for 14 years. Rowena is asking for a loan of 25,000 PHP to purchase fertilizers, such as manure, and rice seed to be planted on her farm. Rowena hopes this loan will increase her rice production. Currently, she earns 30,000 PHP per harvest. She desires to expand her farm site soon for an additional source of income for her family.
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.