Evangielyn, 38, is married and has two school-age children. She manages a rice farming business in her village. Her husband is also a farmer; he is her partner in growing their rice crops in their field. Evangielyn usually earns 15,000 PHP from her crops.
Evangielyn earnings from the business usually cover her children's school fees. At present, Evangielyn does not have enough capital to provide farm inputs needed in their field. Thus, Evangielyn is asking for a loan of 27,000 PHP to buy seeds and herbicides for plant care. She hopes to gain profits that will financially sustain her children's needs in school.
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.