Fely is from the village of Calaocan. She is 44 years old, married and has two children. Fely owns and operates a farm, primarily planting and harvesting corn for sale. Fely has been engaged in her business for over 20 years and earned approximately 40,000 PHP for the last cropping. Fely is requesting a loan of 45,000 PHP to purchase seeds, pesticides and fertilizer. She plans to use the additional revenue generated from the business to support her family financially.
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.