Salvadora is a very patient and hardworking wife and mother. She is married to Francisco and they have four children who all attend school. The couple plant and harvest rice to sell to traders and they usually gain about P30,000 each harvest season, which is twice a year. The money from the business goes towards meals and allowances for their children. She aims to continuously give her children a good education which is the only inheritance she can pass on to them.
To meet her goal, she needs to increase crop production so that her income will increase too. For this, she is borrowing P40,000 to buy fertilizer, insecticides and pesticides to use in the rice field. It will nourish the crops and ensure good harvest in the future.
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.