Carmencita is 55 years old, married, and has five children. Together, she and her husband keep improving crop production through fertilizers and insecticides that nourish crops. Her income of around P10,000 each harvest season is just enough to sustain the family's consumption and sometimes, they lack financially in sustaining their crops.
Carmencita is now asking for a loan of P10,000 to buy fertilizers and insecticides used in farming.
With a plentiful harvest, Carmencita will be able to earn more profits that will help them upgrade the family's living conditions.
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.