Marietta is 52 years old, married and has five children who need daily allowances. Marietta and her spouse inherited a hectare plot of land from her in-laws that they have been cultivating for almost 15 years. They plant and harvest rice to sell to traders. She wants to increase her crop production, but she has insufficient funds, so she is asking for a loan of 25,000 PHP to buy fertilizer and pesticide for her farm. In the future, she would like to ensure good crops and provide a good education for her children.
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.