Procy is a dignified 53-year-old married woman who works in rice production. Her husband is also a farmer who helps her to cultivate their family's land. Procy wants to give her family a good life. She will do anything to lift them out of poverty, and has therefore asked for a loan of PHP 35,000 to buy farm inputs such as fertilizer and rice seedlings. Procy believes that this loan will be a tremendous help to her in increasing her farm yield.
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.