Maria Luz is happily married to Eriberto and they have two children. They are both farmers from Padul and they have managed two hectares of rice fields for almost 10 years now. They earn PHP 30,000 twice a year (during harvest season). The income goes for meals, school expenses, and bills at home. The rest of their income serves as additional revolving capital for the farming business.
Maria Luz would like to improve their farming practices to raise healthier crops but this requires additional capital. To meet her goal, she is now asking for a loan of PHP 50,000 to buy fertilizers and pesticides and pay for farm labor.
Someday, with a good income and profitable farming business, Maria Luz and her family will live fortunately.
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.