Rosemarie is a mother who is blessed with seven children. While doing the household chores, she finds time to help her husband manage their corn and vegetable plantation in order to insure there is a good harvest. Despite the hardships in farming, they are able to endure because they want to earn and save to satisfy their needs and support their children's education. As responsible parents, they want to educate their children so that they are able to find good jobs someday.
They would like to expand their corn plantation, but they have inadequate capital. Therefore, Rosemarie is asking for additional capital in the amount of 25,000 PHP to buy corn seed, fertilizers, insecticides and pay labor costs required to plant corn. They believe that this loan will help them improve the business, and they hope that they will have a fruitful harvest.
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.