Julita and her family stay at Solana and have a farming business as the family's main source of income. They plant and harvest rice to sell to traders in their village. They usually generate about P15,000 each harvest season, which is twice a year. The money is used to pay for their meals, pay off bills at home, and pay for the education expenses of her four children.
Julita is now asking for a loan of P20,000 to invest in the farming business to ensure good nutrition. She will buy fertilizers and pesticides used in farming.
In the future, Julita would like to keep achieving abundant crops so they will earn more income for the development of the family's living conditions.
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.