Rice and corn production are the primary source of income at Annayatan, Baggao, Cagayan. Vilma lives in this village together with her spouse and two children. The couple inherited a two-hectare plot of land from their in-laws and have been cultivating it for almost 15 years.
Last crop season, they earned a yield of 35,000 PHP. Due to the expensive cost of farm inputs and daily needs at home, the profits earned were just enough to cover daily meals and the education expenses of her two children.
With her desire to improve her crop production, she is now asking for a loan of PHP 40,000 to buy seeds, fertilizers and insecticides, and also to pay for laborers who help in transplanting rice seedlings in her rice field.
In the future, Vilma would like to achieve a plentiful harvest every harvest season. She also wants to continuously educate her children so that they can achieve degrees and pursue their chosen careers for the improvement of their lives someday.
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.