Wanting to assist her husband in providing their family needs, Melanie is also doing her best managing their farming business. At the age of 47, she now has two school-aged children. Because of that, Melanie's determination to improve their living standard has increased. To have a large crop of rice, Melanie is requesting a loan of PHP 23,000 to purchase seeds, fertilizers and pesticides. She knows that with this loan, she will have a bountiful harvest. At present, Melanie is earning PHP 25,000 per harvest. In the future, Melanie wants to double her income.
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.