Lolita is 52 years old, married, and has children living with them at Iguig. The family's main source of income comes from planting and harvesting rice to sell. She has been doing this for over 10 years now and earns about P10,000 each harvest season (twice a year). It goes for meals, bills at home, revolving capital in the business and education fees. Her income is just enough but she wants to develop it so as to save funds for future expenses. For this reason, she is asking for a loan of P10,000 to buy fertilizers, pesticides, and pay for cultivation.
She hopes to keep harvesting good crops for the overall welfare of her family and income 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.