Rema, 33 years of age, is married and blessed with two children. She has a rice farm, which she has owned for almost 10 years. From the last crop, her net income was 30,000 Philippines pesos (PHP).
She's asking for a loan of 30,000 PHP to purchase additional fertilizers and seeds for her rice farm. Future loans from Kiva would be invaluable to Rema, who sees the loans as her only opportunity to develop her agricultural business and improve her financial security.
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.