Rose Marilyn is engaged in the farming business. She plants and harvests rice for sale. Rose Marilyn is generating PHP 30,000 during harvest season. She uses her income for the education of her four school-aged children. At present, Marilyn is requesting a loan of PHP 25,000 to purchase seeds and fertilizers for her to sustain her business. In the future, Rose Marilyn hopes to start another business aside from her farming business in order to earn more 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.