Elsie is a farmer aged 45 and married. His family lives at Dalaoig, Alcala, Cagayan. Elsie and his wife plant and harvest rice to sell. Elsie usually gains about 20,000 PHP (Philippines pesos) each harvest season. Their income supplements their daily food intake, other daily expenditures in their house such as the electric bill, and school fees. Elsie wanted to gain more income and improve crop growth; that is why he is now asking for a loan of 50,000 PHP to buy fertilizers and insecticides for his farming activity. Elsie hopes to maintain a fruitful harvest for the overall welfare of his family.
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.