Leonor is a mother who is married to a farmer and they raise their family in a village. They are gifted with five children and they want them to each earn a degree so that they find good jobs someday. To generate income, they help each other in managing their farm lot by planting corn and vegetables to sell. They aim to increase their yields so they have the income to meet their daily needs and pay for their children's education. Leonor and her husband have plans to expand their planted corn to ensure high production, but they have not been able to do so because they cannot afford it. So, Leonor is requesting an additional P35,000 to buy corn seeds, fertilizers, and pesticides needed in corn farming. This loan will enable she and her husband to expand their planting. They are hoping to have a fruitful harvest.
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.