Farming has been Ma Hipolita's primary source of income. For the past twenty-one years, she has been raising rice crops. She is grateful because she is able to manage her time between her farming business, her family and her other business which is the weaving of cradles. She has been doing all these things because she would like to help her husband in earning income.
Ma. Hipolita is thankful because she is able to maintain a good track record. She is now on her third cycle of loans. Since she repaid her previous loan, she is now requesting another loan of PHP 15,000. She will utilize this amount to buy fertilizer, seeds and to pay for the cost of labor to transplant and prepare her farm plot land for planting. She hopes that she will obtain greater profits so she can improve the family's standard of living.
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.