Anita is a farmer who lives in Lanna. She is married to a farmer, and they have a child in college. To support their family, Anita and her husband plant and harvest rice in their two-hectare field, which generates about PHP 20,000 twice a year (during harvest season). Anita would like to improve her income so she is now asking for a loan of PHP 48,000 to buy fertilizers and insecticides to use in farming.
Someday, Anita hopes to achieve more plentiful harvests in order to save funds for her child's school fees and to buy hogs to raise as an additional source of income. This will help boost her profits for the overall welfare of the family.
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.