Celia is 29 years old, married, and has two children. Her spouse is a farmer and they both plant and harvest rice to sell. They usually earn PHP 15,000 upon harvesting and selling the crop. It goes for education fees, daily meals, and also to pay for debts from relatives.
Celia has insufficient fund now. She is asking for PHP 26,000 to invest in improving crop production. She will use the loan for the next planting season. She will buy fertilizers and insecticides which are necessary to ensure healthy growth of crops. This will lead to a plentiful harvest and will improve the family's living condition.
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.