Vivencia is a caring woman and the mother of three children. Two are Overseas Filipino Workers and one is married. She is widower who works hard to provide good living conditions for her family.
Vivencia has been involved in agricultural for 35 years. She grows rice on her one hectare of farmland and corn crops on her other hectare of farmland. The profits gained from her farming business were used to educate her three children and some was used for her hog-raising business.
She plans to buy fertilizer and insecticides for her crops but she suffers from a shortage of funds due to the high cost of basic commodities and the high price of the farm inputs needed in processing her farming business. So she is applying for a loan of PHP 27,000. She knows that this amount will help her in obtaining plentiful yields this next crop season.
In the future, she hopes to improve her hog-raising business to be able to increase her income, which will serve as her savings for emergency purposes when she gets weak.
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.