Due to lack of job opportunities, Cristelyn helps her parents in managing their rice farming business to ensure a high production. She is 26 years old and still single. Her ambition in life is to become financially stable before she is going to get married.
Currently, Cristelyn is helping her parents in financing the education of her younger brother and sister. Due to high cost of commodities and school fees, she and her parents aim to improve their farming business to increase their yields and income. She is asking for an additional capital of PHP 40,000 to buy fertilizers, pesticides and to pay the labor incurred in transplanting rice. She believes that this loan will enable her to improve their farming business and hopies that they will be having a plentiful harvest this coming harvest season.
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.