Merlyn is married and has two children who attend school. She is a rice farmer within her local community. She has been cultivating two hectares of rice field. To earn additional income, she manages her retail store.
Merlyn is requesting a loan for 40,000 PHP, which she will use to buy four bags of seedlings, eight bags of fertilizer, and eight bottles of insecticides. With appropriate farm inputs and proper care to her rice crop, she will generate more income. Through her hard work and support from her husband, Merlyn is able to sustain their daily necessities and improve her financial status. Since her two children are still studying, she wants to keep her farming and variety store productive and profitable.
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.