Jocelyn, a married woman living in the land of her birth, has four children residing with her and her husband. Both farmers, she and her husband work hard to support their family by raising livestock and growing crops. They arise at dawn everyday to cut grass to feed the cows and check the fields to ensure optimal crop growth and guard against insect infestations. Occasionally, Jocelyn sells the offspring of her cows, especially if they are males. Now requesting a loan of P 15,000 to buy sacks of rice, fertilizer and corn seeds, she plans to improve their crop production.
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.