Josefina is 39, married, and has three school-age children. With her husband, she plans to strengthen her family's sources of income in order to continue sending her children to school and give them a better future. Her income from her variety store is not sufficient to supply all their needs. Therefore, Josefina has decided to help her husband manage their corn farming business to ensure a high yield.
Due to financial difficulty, she has asked for a loan PHP 35,000 to buy fertilizers and insecticides needed for the maintenance of their corn farming business. Josefina and her husband mentioned that this loan will help them to improve their business and they hope that they will have a fruitful harvest this coming harvest season.
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.