Leonida is 58 years old. She is married and has three children. To provide sustenance for her family, she and her husband patiently raise crops to sell. They are rice and corn growers in the village where they live. From her one hectare rice field and one hectare of corn, she generates about 30,000 Philippine pesos (PHP) each harvest season (twice a year). This revenue goes for meals, allowances and bills at home. Together, they work hard for the family's sustenance. Now she is requesting a loan of 35,000 PHP in order to buy fertilizers and insecticides for her farm. This way she will ensure good crop growth. She hopes to produce an abundant harvest to increase her 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.