Flora is married to a farmer and they live happily in a rural community planting and harvesting rice and vegetables for sale. Since it is the major source of their income, Flora helps her husband manage their rice farming business to ensure a high production. They aim to increase their yields and income to continue sending their five children to school so that they will earn degrees and find good jobs someday.
Due to inadequate capital, Flora is asking for an additional loan of P15,000 to buy fertilizers, pesticides, and pay for expenses incurred in transplanting rice seedlings. Through patience and hard work, they believe that they can improve their farming business and they hope that they will have a fruitful harvest this coming harvest season.
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.