Anarose is a hardworking mother who supported her husband in managing their rice farming business. She is now 53 years old and has two grown-up children. They aimed to improve their rice farming business to increase their yields and income to satisfy their necessities and save some for future emergencies. They have been farmers for almost 30 years and usually earn a profits of 25,000 Philippine pesos (PHP) in every harvest season. They usually spent their income for their daily consumption and allowances of their children in school. At this time, they are thankful that their two children have already graduated from college and are already employed. Despite this, Anarose and her husband continue managing their farm to earn a living. She is asking for additional capital of 50,000 PHP to buy fertilizers and pesticides needed for the maintenance of her rice production. They believe that this loan will help them to improve their farming 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.