Teresita is a hard-working mother of four who is engaged in the farming business. She is enjoying doing farming activities to earn profits.
Teresita is 62 years of age and is married. Teresita wants to maintain the business while she can manage it. She gets a financial shortage because her expenditures in farming have increased. Cost of farm inputs now is increasing. Thus, Teresita is requesting a loan of P50,000 to buy farm inputs like seeds, fertilizers and herbicides to use in her farm. She believes that the loan will have a positive impact for the growth of her farming business.
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.