Elizabeth is happily married to Zosimo, and they have two children attending school. She is already 50 years old. With her husband, she manages a hectare plot of land on which they plant and harvest rice to sell. Elizabeth wanted to increase her crop production; that is why she is asking for additional capital of 20,000 Philippines pesos to buy fertilizers and insecticides used in the farming business. These farm inputs will help ensure healthy crops to harvest upon maturity.
With the good funds earned, she will save for school fees and someday achieve economic stability.
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.