Myrna is a farmer and a responsible mother to her two children. Despite being widowed for six years, Myrna still manages the farming business owned by her late spouse. She hired laborers who helped her to plant and harvest rice to sell. Upon harvest, Myrna is able to earn PHP20,000 twice a year.
Myrna hopes to gain more income and improve crop production, but she had insufficient funds. That is why she is asking for a loan of PHP40,000 to buy insecticides and pesticides used for farming. This will give enough nutrition to her rice crop.
Myrna hopes to achieve a fruitful harvest in order to provide a good education to her children. She hopes to become a successful farmer for the welfare of her children 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.