Antonieta is from the village of Minanga Proper. She is 56 years old and is married to Salvador, a farmer who helps her to manage their farm.
To make a living, she owns and operates a business venture in the agriculture sector raising crops. She’s been engaged in farming corn for over 20 years and earns approximately 30,000 PHP every crop season (every four months) from these activities.
She is now requesting a loan of 25,000 PHP to purchase seeds and fertilizer for her corn production business. Future loans from Kiva would be invaluable to her as she sees the loans as the only opportunity for progression of her business and, thus, financial security.
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.