Norma is 56 years old, a mother of three adult children. She is helping her husband operate their corn field business. This is their source of income, so they need to keep production improving in order to get much in the next cropping season. Norma needs to acquire additional capital to finance their field's farm inputs.
Norma is asking for a loan of PHP20,000 to buy corn seeds, fertilizer and insecticides. Through this, their farming will be maintained. With determination and perseverance, she hopes to reap enough crops to pay the loan as well as to continue to improve their living standard.
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.