Rosenda is a generous and industrious woman who supports her sister's children's education. She is 57 years of age and still single. She lives within the village of Divisoria.
Rosenda owns a farm where she grows rice. She is indeed thankful because her previous loan has had a great impact, helping her to improve the soil and growth of her rice crops. She paid back her previous loan and is asking for additional capital, in the amount of PHP 50,000. She will use this loan to buy farm supplies and to hire laborers to prepare the farm plot for this next planting season. She hopes that this loan will help her in making her business more productive and profitable.
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.