Nilda inherited two hectares of rice field from her parent. At the age of 27, she settled for marriage, and since then she started to cultivate her two hectares of rice field. She and her spouse have been blessed with three children. With the profits gained from her rice farming, she has been able to establish hog raising and a fish pond, as additional sources of income. According to Nilda, her profit had really a great impact in making her farming business more productive and profitable.
Nilda paid back her previous loan, and this time asks for a loan of 30,000 PHP. She will use this loan to buy farm inputs (such as certified seeds and fertilizer) and to pay for having her land prepared for planting. She knows that her sacrifices and resourcefulness will enable her to develop and maintain proper care of her rice crop.
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.