Karen is a 55-year-old mother who was gifted with only one child. Since farming is the main source of their living, she supported her husband in managing their rice-farming business to ensure a high production. They aimed to increase their production and income to satisfy their necessities and save some for future emergencies. Due to insufficient capital, Karen is asking for an additional of PHP 50,000 to buy the fertilizers and insecticides needed to sustain their rice production. She is hoping that her loan request will be granted in order to improve their rice farming business.
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.