Farming has been the primary source of income for Gloria's family. She is 57 years old and married to Dominador, Sr. The couple are blessed with five children. Four of them are married and living separately with their own families while the youngest is still single and working.
Gloria owns and manages her farmland: one and half hectares of rice and one hectare of corn .She started her rice farming in 2004 and in 1986, her corn farm. According to her, the income generated from her farming was used for the education of her children during their school days.
So Gloria is requesting additional capital because her income is no longer enough due to her other obligations to her children and other household expenses. Gloria is asking for P15,000 which will be used to buy farm inputs to improve the soil and growth of her rice crop so that she can obtain greater profit next crop season. In this way, she can earn a bigger income which will enable her to improve their living conditions and save some for her security purposes when she gets weak.
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.