Carmelita, 43 years of age, is married to a farmer and has been blessed with four children. She manages a small-scale vegetable plantation business. She has done this work for almost 26 years. She earns a net income of PHP 8,000 every harvest season. In this business, she harvests some vegetables twice a year, such as squash, eggplant, string beans, root crops and tomatoes.
She would like to obtain a loan amounting to PHP 10,000 to purchase vegetable seedlings and fertilizers for her vegetable plantation. She's hoping that her requested loan will be granted, so that she will be able to improve her business.
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.