Arceli is 30 years old and married to a farmer. Together they work hard in the farming business. They plant and harvest rice to sell to traders. From their business, they earn approximately P15,000 per harvest season. It goes towards the family's consumption of meals and paying for the school fees of her child.
Now, Arceli is asking for a loan of P20,000 to buy fertilizers and insecticides used in farming. This will help ensure the healthy growth of crops. Arceli hopes to achieve a bountiful harvest and keep developing her business for the overall welfare of her family.
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.