Shirley is a hard working mother who supports her husband in managing their rice farming business to ensure a high yield. She is 45 years old and has two school-aged children. As a responsible parent, they aim to educate their children and give them a bright future.
Due to the high cost of commodities and school fees, Shirley and her husband need to increase their income to satisfy their needs and finance the education of their children. For this reason, they plan to expand their rice plantation to increase their production, but they have inadequate capital. Shirley is asking for an additional of P25,000 to buy fertilizers, pesticides and pay the labor cost incurred in transplanting rice seedlings. They believe that through patience and hard work, they will improve their farming business and achieve their goals in the future.
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.