Mary Ann is working hard to meet the needs of her family. She is 33 years old and married, having only one child. Her husband is her helper in improving their corn fields to be more productive. Mary Ann has been managing her corn field for almost 18 years. From the long period of time she has spent working in her corn field, she noticed that the price of farm supplies is increasing, so her funds are no longer enough to purchase farm supplies. Mary Ann decided to join the program of a lending institution where she could borrow additional capital to provide the supplies for her corn field.
Mary Ann is requesting a loan of P27,000 to be used in buying farm supplies such as fertilizer, pesticides, certified seeds and for labor costs for planting and plowing the corn field. She is hoping that her request loan will be granted to make her corn field more productive and profitable.
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.