Carmelita is 42 years old, married, and has three children. Her spouse is a farmer and they both manage a ricefield, planting and harvesting rice to sell as their source of income. Carmelita is very industrious in helping her husband. She is now asking for a loan of 40,000 PHP for further improvement of crop growth. She will buy rice seeds, pesticides and insecticides necessary for their farming business. Additional revenue will be invested in a hog-raising business for additional profits and to sustain her children's educational needs.
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.