Elena is 59 years old. She is a mixed crop farmer and is also involved in hog-raising. She and her husband Gabriel are blessed with five children. She has been in the farming business for the past 22 years and has a monthly income of 5,000 PHP, which she uses to support her family. She is applying for a loan of 35,000 PHP. Elena will use the loan to buy seedlings and fertilizer for her farm. She anticipates profit from the business and will use it for her children's education. Her hopes and dreams are to buy a piece of land and venture into rice farming.
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.