Salome is 46 years old and married. They are farmers living in Amulung, Cagayan, and together they work hard in order to have a good harvest. They usually grow rice and harvest twice a year, with an approximate income of 20,000 PHP (Philippines pesos) per harvest season.
Salome would like to increase their crop production but lacks capital. This encouraged her to borrow a loan of 25,000 PHP from the lenders to buy fertilizers and insecticides for her farm.
In the future, Salome hopes to keep developing a healthy farming business to gain more income for the improvement of their living conditions.
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.