For over the past twenty years Merjorie and her husband have raised rice and corn. The couple’s main goal is to increase their income so as to be able to provide their children with a quality education and a better standard of living. She is really thankful because on her children’s days off they help out on the farm so as to minimize farming expenses.
Merjorie wants to improve her rice crop production. She is asking for a loan of 20,000 PHP from ASKI because of an abrupt increase in the price of fertilizer and insecticides. If she can keep her farm thriving, she will be able to increase her profits and so meet her family’s basic needs.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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Success!! The loan was 100% repaid