Myrna is 31 years old, has one child, and has been widowed for three years now. She carries alone the burden of generating a good income from the farming business she has operated since her spouse passed away. She primarily raises crops, planting and harvesting rice to sell. Myrna also pays laborers who help her manage the farming business.
Myrna is now asking for a loan of 31,000 PHP to buy fertilizers, insecticides, and pesticides to use in farming. She hopes that this loan will be given to her as a way to maintain her farming business.
In the future, Myrna hopes to achieve greater crop production every harvest season and to be able to save funds for the education of her child. She hopes that she will finish a degree someday.
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.