Lolita is 50 years old and married with four adult-aged children. She has a farming business. With the business, she usually generates PHP 30,000 per cropping. Lolita has been growing rice for 28 years. Her husband is helping her manage their farm. With farming, they were able to finance their needs and the education of their children as well. Currently, Lolita is asking for a loan of PHP 25,000 to purchase the seedlings and fertilizers needed for her farm. In the future, Lolita hopes to have a large crop of rice.
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.