Violeta is 51 years old and married to Reynante, a farmer. They also have children to support. Violeta helps her spouse to plant and harvest rice to sell. They also hire laborers who help them in the rice field. She usually earns about 15,000 PHP during harvest which occurs twice a year. Her earnings are used for meals and educational expenses. She hopes to increase her farming output which is why she is now asking for a loan of 25,000 PHP to pay for labor and to buy farming inputs including fertilizers and insecticides. It will help improve crop production and increase Violeta's income which will lead to the family's financial stability.
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.