Julie has been a farmer for 20 years. She is already a widow with four children. Three of her children have married while her one child is still studying.
Julie grows rice crops. According to her, she is both father and mother to her children since her spouse has passed away. Julie's situation didn't stop her from dreaming of a better lifestyle and improving her financial stability. Through her perseverance and patience in running her farming business, Julie is able to improve her rice crop production. Julie still wants to have continuous growth of her farming business, so that's the reason why she is asking for additional capital of PHP20,000. She will use this loan to buy fertilizer and insecticide to ensure proper growth of her rice crops to reach its maturity period. She hopes that next crop season, she can gain better yields and secure her family's future and let her youngest child finish her studies.
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.