Cherry Ann is married and the mother of two children, both of whom attend school. In order to meet all of their needs, she and her husband grow rice and earn PHP 20,000 for each of the two crops they plant a year. She also makes money on the side by raising hogs. Cherry Ann is requesting a loan for PHP 30,000 to buy fertilizers and insecticides to ensure that she and her husband have a healthy harvest and earn a good income. She hopes to keep maintaining her business and earning a good income so she can pay for her children's education.
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.