Maricel is 34 years old and has two children who attend school. Maricel has a farming business that she has been operating for more than six years now. She plants and harvests corn to sell. She also pays for laborers who help her in the business. Her income of approximately 12,000 PHP per harvest goes for school expenses, meals and revolving capital in the business.
Maricel would like to keep achieving a healthy harvest to earn more income for her family. For this reason, she is asking for a loan of 30,000 PHP to buy fertilizers and insecticides used in ensuring healthy growth of crops.
Maricel hopes to keep making the business profitable. This will help provide the best education for her children, which will lead to a progressive life someday.
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.