Erlinda is a proud farmer and patiently grows corn, which she sells to traders in her village. She goes down to the rice field everyday, both rainy or sunny. From selling the raised crop, she usually gains about PHP 20,000 each harvest season (twice in a year). Erlinda has been in her farming business for almost 15 years now. She has three children who need assistance from her, especially for school expenses.
Erlinda would like to improve her crop production, but she has inadequate funds. That is why she is asking for a loan of PHP 40,000. She will use the loan to buy fertilizers (urea), insecticides and pesticides used in the farming business. Someday, with stable income and more crop production, Erlinda will be able to give a fortunate life to her family.
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.