Imelda loves to plant vegetables and considered it her hobby. Her hobby led her to make it a business. She started planting vegetables in their backyard until she realized that her income from vegetable vending is good. Then she decided to plant vegetables on a small portion of their farm. She is now 45 years of age and still operates the business.
Imelda raises her three children and sustains their needs in school through her business. She needs to apply exact amounts of fertilizer to her vegetables so they grow faster and have good production. Imelda wants to borrow PHP 30,000 to buy fertilizer and pay for the cost of labor in thinning the grass. She hopes to have better production and great earnings.
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.