Lanie is 32 years old, married and has one child. She grows corn and hires additional laborers to help her in the cornfield. Lanie would like to make her crops productive but has insufficient funds. That is why she is asking for a loan of PHP 20,000. She will use the loan to buy fertilizer and insecticides to use in farming. She hopes to keep improving crop production and someday harvest it abundantly.
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.