Marcelina is from Solana and has been operating a farming business for over 10 years now. She usually gains P10,000 during each harvest season twice a year, which goes towards school expenses. She is married and has three children. Marcelina wants to improve her crop production, which is why she is asking for a loan of P20,000 to buy fertilizers and pesticides used in farming. This will help her maintain healthy crops and save funds for future emergencies.
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.