Carmelita lives at Lanna with her spouse and three children. They are both involved in farming business, in which they grow rice and harvest it from a hectare plot of land that they cultivate. Carmelita hopes to increase her crop production to give sustenance to her children's education.
For this, she is now borrowing PHP 35,000 to buy rice seeds, fertilizers, and pesticides for sustenance. She hopes to produce an abundant harvest so she can also pay for school fees.
In the future, with good funds from the business, she will give a better way of life to her family.
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.