“Time is gold” is the guiding principle of Maricel in life. Maricel is 29, married and has two children. She operates a business venture planting rice crops in their field. Maricel’s children are going to elementary and high-school.
Maricel and her husband are both farmers. They dream of their children finishing their education and becoming professionals someday. They don’t have a higher education and so can't apply for better work so as to be able to sustain their children's needs better. Farming is their only source of income. Sometimes they work as laborers on their neighbor’s farm to generate additional income for the family. The couple is striving to achieve their dream.
Maricel noticed that farm inputs on the market are costly. Her income from her previous crop is not enough to provide for her farm needs. She made a decision to borrow a loan amounting PHP 42,000 to pay for the cultivation of their farm, buy seeds and fertilizers to use. She hopes to avail of the loan and manage well the business.
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.