Zelda is 42 years old, married and has three children attending school. With her spouse, she works untiringly in their hectare rice field where they cultivate and plant rice to harvest. They have been in the farming business for over 10 years now. They are very glad for the business they have which supports their needs for meals and school expenses.
Zelda is now asking for a loan of P25,000 to invest in maintaining the farming business. She will buy fertilizers, rice seeds and pay for labor costs in farming. Zelda is paying additional laborers because her and her husband are not capable of doing all the farming activities. In return, she promises to pay back her loan in full.
With good profits from the business, she will continuously send her children to school to learn for a degree and have good employment 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.