Sonia is a rice grower from Solana. She is 47 years old and married. She lives with her spouse and three children. With her husband, she plants and harvests rice to sell to traders. She aims for more crop production but has insufficient funds to support her crops' needs for fertilizers and insecticides. Sonia is asking for a loan of P20,000 to buy insecticides and fertilizers. She hopes to keep growing rice and achieve more income and be a successful farmer to lift her family out of poverty.
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.