Being a parent means taking on the responsibility to provide for all of the family's financial and emotional needs. Most of this responsibility is to send children to school to give them the best education for the future. Likewise, Marcelina and her husband aim to continue sending their three children to school to give them a bright future. But due to financial difficulties, they need to improve their source of income to satisfy their daily basic needs and support the education of their children.
In this regard, Marcelina wants to request an additional loan of PHP 10,000 to buy fertilizers and pesticides to sustain their rice farming business. She believes that the loan will help them to increase their production and income this coming harvest season. She hopes that in the future, their business will improve and all of their children will finish their studies.
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.