Tita is 59 years old, married to Pedro, and together they are raising nine children. Her family lives a less fortunate lifestyle. To make a living, Tita cultivates rice as the source of her income. She plants and harvests rice. Sometimes, her spouse helps her transplant rice seedlings to the farm. According to Tita, rice farming requires patience and determination.
Tita wants to achieve more crop production, so she is asking for a loan of 25,000 Philippine pesos (PHP) to buy pesticides and fertilizer to ensure a good crop in her rice field. In the future, she would like to continue generating a good income from her farming business. Tita also promises to pay the said loan amount on time.
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.