Lily is 38, married, and blessed with one child. Her husband is a tricycle driver, which transports passengers. Her husband's daily earnings are used for their daily expenditures. Lily and her husband have planted rice in the Philippines for four years. She earns an income of approximately PHP 50,000 from her her two hectare farm. Her earnings are invested back into the farmland in order to have additional areas to plant.
Lily has gone abroad and worked as a domestic helper for four years. She works abroad because of their financial difficulties. She comes back to the Philippines when she has enough earnings that can serve as her capital for her farming business. Still, her earnings are not enough. Therefore, Lily is asking for a loan of PHP 50,000 to purchase seeds, fertilizers, insecticides, and pay for labor. She is looking forward to having a successful farming business.
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.