Cheryl is 24 years old, married and has a child. To make a living, Cheryl and her spouse plant and harvest rice to sell. They have been in the farming business for over five years and earn approximately PHP 20,000. She uses it to sustain the needs of the family, to pay debts to neighbors, and as revolving capital in the business. She hopes to keep improving the harvests in their ricefield for more income. Now, Cheryl is asking for additional capital of PHP 35,000 to buy fertilizers and pesticides for use in farming. The couple hope to become more prodcutive farmers someday.
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.