Ma. Luisa is 42 years old, married and has a child. Her spouse is a farmer, and together they ensure good crop production. She usually gains income of PHP 15,000 each month and uses it as revolving capital in the farm, for bills at home and daily meals. Aside from farming business, she also operates a small store and sells grocery items.
Ma. Luisa is now asking for additional capital of PHP 30,000. She will use it to buy fertilizers and insecticides used in farming. These will help ensure good nutrition to crops. The loan will help achieve an abundant harvest in the farm, which is necessary to attain 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.