Karen is 35 years old and is married to a farmer. They have three children. Karen helps her spouse maintain the farming business that they have operated for almost three years now. From the farming business, they provide sustenance for their family, especially for the education of their children. Karen still wants to pursue their business and not rely only on their remittances, so she is asking for an additional loan of PHP 12,000 to buy vegetable seeds and fertilizers in order to sustain the farming business. In the future, Karen would like to keep producing better crops so she can harvest more and earn profits from the harvest. This will help her achieve financial stability.
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.