Luzviminda is a hardworking mother who helps her husband manage their rice farming business to increase their yields and income to satisfy their needs and finance the education of their three children. Despite the hardship of living they have the determination to improve their status of living and give their children a bright future. They have been farmers for almost 18 years and usually earn an income of P23,000 in every cropping season.
They aim to expand their rice plantation to increase production. Luzviminda is asking for a loan of P28,000 to buy fertilizers and pesticides needed in their rice farming business. They believe that their patience and hard work will enable them to make an improvement in their farming business, and they hope that they will have a fruitful harvest so that they will continuously support their children's education.
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.