At her age of 63, Esterlita can still manage a farming business. Esterlita has managed a rice farming business for 45 years. With her long duration of experience in farming, she is proud to say that she is already an expert in planting rice. She is married and has one child.
Since she is managing their farm, Esterlita admits that her income from every crop is not enough to finance her expenses in farming. Esterlita wishes to have enough capital to maintain the business. She is requesting a loan of P27,000 to buy seeds of rice, fertilizers, and to pay for the labor cost in farming.
Esterlita hopes that she will earn higher income from the business and save some of it for her family's future emergencies.
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.