Josephine is an industrious mother who engages in farming in the village. Through the income generated from her business, she is able to help provide for her family's basic needs, but unable to support all the education of her five children. Consequently, she is requesting a loan of PHP 15,000 to buy additional seeds, fertilizer and insecticides. With this, she can now sustain the essential needs of her farm and she is hoping for a high harvest soon. She also hopes for her family's standard of living to improve and to be able to let her children finish their studies.
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.