Jonalyn is in her forties, married and has three children going to school. She has been managing a rice farming business since she got married. Farming is the primary source of income for her family. She is happy that through her business, she is able to feed her children and provide the main necessities.
Her children are in high school and elementary level of education. She wants them to enter college so she is doing some field activities to earn more and save on labor expenses. Jonalyn works hard to provide for her rice farm inputs because her income from the business during harvesting goes primarily to household expenditures. Because of this, she is requesting a loan of P50,000 to buy farm inputs like fertilizers and herbicides for plant care. She hopes to see her children become professionals through her 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.