Mary Vic is a mother who has great ambitions for her family. She is 31 years old and has three school-age children. She wants them to earn degrees and become professionals someday. Despite the hardships of life, she and her husband are striving hard to earn income and support the education of their children.
They have owned and managed a rice farming business in their village for almost eight years. Usually they earn a profit of only P28,000 from every harvest season. They aim to increase their yields and income so they can meet their needs and finance the education of their children.
Due to inadequate capital, Mary Vic is asking for a loan of P50,000 to buy fertilizers, pesticides, and seeds, and to pay the labor cost incurred in planting rice. She believes that this loan will help her and her husband to increase their yields and income as they work hard and manage it well. She hopes that she will achieve her goals and become successful in the future.
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.