Joyce is 30, married, and has three school-age children. They live happily in a village planting and harvesting corn and vegetables to sell. Due to financial difficulty, Joyce and her husband would like to improve their farming business to earn a higher income, which would allow them to meet the family's needs and pay for their children's education. The two help each other in cultivating their farm lots to ensure a high production. They have been farming for almost five years and usually earn a profit of P25,000 in every harvest season. Joyce and her husband use their income to pay for their daily needs and their children's school costs. To improve their farming business, Joyce is asking for a loan of P20,000 to buy corn seeds, fertilizers, and pesticides, and to pay labor costs for planting the corn. She and her husband believe that they can improve their farming business as they continue to work hard and strive harder.
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.