Maribel is 34 years old, married, and has children. Maribel and her husband are helping one another in their farming business with activities such as planting and harvesting rice to sell. Maribel wants to improve their crop production but she has limited resources. With this loan, she would like to borrow additional capital of PHP 40,000 to sustain the farming business. She plans to use the loan to buy fertilizers and insecticides for the crops.
Maribel hopes to make her business grow and earn more profit for the benefit of her 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.