Lolita has been running her 2.5 hectares of rice field for 23 years. She is thankful because through her hard work and patience she has been able to improve her rice crop production.
Lolita is a married woman who is blessed with four children. She is thankful because her spouse is supportive in running their farm, as well as her school canteen and viand business. Lolita wants to continue to improve her rice field through proper care and supplying her farm plot with necessary farm inputs. But due to a shortage of capital, she is asking for a loan of PHP 35,000, which would allow her to buy two bags of seedlings, seven bags of fertilizer, and two liters of insecticides to ensure proper growth of her crops. She hopes to obtain this loan to earn a better income and help her two children finish their studies.
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.