At her young age of 27, Myrna was widowed. She has one child who she sends to get an elementary education. Her late husband managed a hectare of rice field but in his absence, Myrna has to manage it in order to generate an income and provide for the needs of her child. She pays for laborers who help her in the farm. They do the planting up to harvesting season.
Myrna is now 30 years old and in need for an additional capital of P30,000. She will use this loan to buy rice seeds, fertilizers and insecticides to use in farming.
Myrna hopes to produce more cavans of rice compared to her last harvest of only 50 cavans. She also hopes to see her child finish a degree someday.
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.