Cheryl, 28, is married with one child. To make a living, she and her spouse grow corn on a hectare of land. Aside from maintaining a good income from the farming business, she also buys and sells fish to the people in her village. She needs to become resourceful in generating income to sustain her family's needs, for the prices of basic commodities are increasing these days. Their child, who they send to a public school, also needs a daily allowance.
Cheryl and her spouse plant and harvest corn to sell and offer to traders in their village. She now hopes to provide sustenance for the crops and enable them to grow healthier, allowing for larger harvests. Therefore, she is asking for 30,000 PHP in additional capital to pay for corn seeds, fertilizers and land preparation.
With a good income, she will be able to save funds that sustain her family and help them escape from poverty.
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.