Clarita is 52 years of age. She is married and has seven children. She was not able to send them all to school due to lack of finances to sustain their need for a good education. Four of her children are already married. To make a living, Clarita involved herself in rice farming together with her spouse. They both plant and harvest rice and in the future, they sell it to traders in the village. They usually earn a yield during the months of May and November.
This planting season of October, she needs to pay for laborers who helped in transplanting rice seedlings on the farm. This serves as an additional expense for them but they need to hire laborers because they are not capable of performing all the activities on the farm such as sowing, tilling and transplanting rice seedlings. She has an insufficient fund so she is asking for a loan of PHP 10,000.
In the future, she wants to achieve an abundant harvest to save for the college education of three of her children and assure a brighter future for them.
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.