Zenaida is 58 years old. She is married to a farmer. The couple is thankful because they have been blessed with nine children. She lives with her family in a small village of Guayabal and generates her income through growing vegetables. She wants to earn more income to provide for her family's needs and save for the future of her children. At this time, she has tried to plant more vegetables to increase her production. Due to inadequate capital, she is asking for a loan of P30,000 (Philippine pesos) to buy seeds and fertilizers to sustain her vegetable production. She believes that the loan will help her increase her yields. She is hoping to harvest a large volume of vegetables and earn a higher income to support her family's 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.