Bibiana is a rice grower and has kept improving their farming business for almost 20 years now. With her spouse, she plants and harvests rice to sell to traders. She has four children. Two of her children have already finished a degree, through the parents' efforts in generating income from the rice field to be able to pay for matriculation fees.
Bibiana is now asking for a loan of PHP50,000 to buy fertilizers and insecticides used in farming. She hopes to improve her crop production and gain more profits because the rest of her children are still attending to school. All she wants is to give the best education to her children.
With healthy, good crops to grow, she will achieve abundant harvests and fully attain success in the 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.