Vilma, 52 years old, is married to Homer. The couple is blessed with four children, generally in their adult age now. Vilma and husband patiently maintain their livelihood to support their needs and save for future expenses.
She manages a rice field while Homer (husband) manages their transport motorcycle. She is grateful for the business for she is able to earn PHP 20,000 average net income from her rice production.
She is requesting a loan of PHP 18,000 to buy fertilizer and insecticides and to pay for the labor cost in the preparation and maintenance of her rice crop. She hopes to make her business more productive for future emergencies.
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.