Editha's family lives in the village of Villa Domingo. She is blessed with four children. Editha helps her husband manage a farming business in their village. They have been doing this for 10 years to support their daily expenses and the educational needs of their children. Editha and her husband usually earn PHP 12,000 every harvest season. The earnings are just enough to meet their needs so Editha is requesting additional capital for their farming business. She wants a loan of PHP 30,000 to buy seed, fertilizer and pesticides needed for her rice growing. She hopes that her yield will increase through the loan she is requesting.
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.