Nilda operates her three hectares of rice farm land and her livestock business (hog raising and fishpond). It's been 30 years since she started cultivating her rice farm land. She is indeed grateful because through her dedication and wise management, she was able to obtain better yields last season.
Nilda is 48 years old and happily married to a farmer. The couple were blessed with three children. Her eldest is a nursing graduate while the other two still go to school. She aims to support them until they finish their degree courses. For her goal to be realized, she is seeking additional capital of PHP 40,000 which will be used to buy 14 sacks of fertilizer, four litres of insecticides and four sacks of seedlings for her rice farming business. She knows that this loan will have a great impact in making her rice field productive. Nilda hopes that this amount of loan will be granted.
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.