Due to hardships in life, Serafina supported her husband in managing their rice farming business to ensure a high production. She is blessed with five children and they live happily in a rural community. They aimed to improve their farming business and increase their income to satisfy their necessities and finance the education of their two children who are still in secondary and tertiary education. They want them to finish a degree and becomes professional someday.
Due to high cost of commodities and school fees, they planned to expand their rice plantation to increase their production. Serafina is asking for a loan of P33,000 to buy fertilizers and pesticides needed in rice farming. They mentioned that the loan will help them to improve their farm and increase their production.
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.