Almira, from Solana, is happily married to Armando and they have three children. Rice farming is the family's viable source of income. They plant and harvest rice twice a year and generate about P15,000 each harvest season. Almira is sending her three children to school; that is why she aims to further improve their crop production.
She is now asking for additional capital of P30,000 to buy four bags of rice seeds, its fertilizers and to pay for land preparation. She also hires laborers to help them sow, plant and transplant rice seedlings.
Someday, Almira would like to achieve more productive harvests and keep earning good profits from the business. This will ensure good repayments on education expenses for her children.
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.