Loreta, age 40, is a single woman who works hard to generate income for the sustenance of her family. She lives with her parents in Manalo; Loreta is the breadwinner of the family.
Loreta has a farming business. She hires laborers who plow the field, and she plants and harvests rice. She is now asking for a loan of PHP 10,000 to buy farm inputs such as fertilizers and insecticides to use for farming. She hopes to improve her output to earn additional income for her family.
Some day, Loreta hopes to acquire an abundant harvest and save the profits for the future expenses of her family.
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.