The primary source of income for the village where Carmelita and her family resides is through rice farming. She has been involved in this business for 10 years. She helps her husband manage the rice field.
Carmelita hopes to improve their farming practices, which is why she is asking for a loan of P30,000 as an additional capital in buying fertilizers and pesticides for her rice seedlings. She is hoping that through the help of this loan shew will increase crop production to increase her profits.
Carmelita aims to continuously provide a good education for her three children. Two of them attend college and one is in high school. She hopes that someday they will live progressively.
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.