Salvadora is a 56-year-old woman from Lanna, Solana. She is married to a farmer. The couple owns a one-hectare rice field where they cultivate rice to sell as their source of income. Salvadora helps her husband with the farm activities. They have 8 children, four of them students.
Salvadora lacks funds because the profits from her previous sales were used to pay for matriculation fees and the family's daily meals. She is now asking for a loan of PHP 20,000 to buy seeds, urea (fertilizer) and Magnum (insecticide) used in farming. She hopes to strengthen her business and someday lift her family out of poverty.
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.