Leticia raises crops in her village at Roma Sur. She is widowed, therefore she carries the burden alone of sending her three children to school. She pays for laborers who help her in sowing, tilling, planting, and harvesting rice. She has been in the farming business for 10 years and earns PHP 12,000 each harvest season twice a year. The money is used for meals, electric bills, and school fees.
Leticia would like to make her crops produce more so she is now asking for a loan to maintain her farm. She is asking for PHP 15,000 to buy fertilizers and pesticides and to pay for the labor costs of farming. She hopes to keep making the business profitable and gain enough funds for her family's progress.
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.