Lolita is 56 years old and is married with three grown-up children. Together with her husband, she works in rice farming as her source of income. Her children only finished high school due to financial problems, and now they have their own families.
Currently, Lolita has insufficient funds to make improvements to her crop production. She is asking for a loan of PHP 10,000 to buy rice seeds and pay for labor costs. Hiring laborers is an additional expense for her, but she badly needs their help for land preparation.
Someday, Lolita hopes to save funds to use in times of emergency because she and her husband are getting weak and old.
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.