Marivic inherited her four hectares of rice farm land from her parents. She start running her agricultural business almost six years ago. She is a married woman who has four children. Two of her children goes to school while the eldest is out of school due to early pregnancy and the youngest is still infant-aged. Marivic's husband is an Overseas Filipino Workers (OFW).
With the number of hectares of rice field she manages, Marivic has assigned care takers whom she trusts. Marivic struggles shortage of capital in improving her farm plot due to the high cost of basic commodities and increased household expenses. With regards to her situation, she is asking for financial support amounting to PHP50,000. She will utilize this loan amount to buy seeds and some amount will be used to pay for irrigation fees and land preparation for her farm plot. She hopes to obtain this requested loan amount in order to have productive rice fields. In this way, she can generate greater profits which will serve to cover all of her household expenditures and her children's education costs.
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.