Estelita is 40 years old and married with three children. She is a responsible and hardworking woman. Estelita's spouse is a farmer and hog raiser within their local community. She is grateful because during the previous crop season, she was able to produce a better rice crop.
With regards to her aim to have a continuously smooth flow of her rice crop production, she is asking for a loan of 30,000 PHP (Philippines pesos), allowing her to buy necessary farm inputs such as fertilizer and insecticides. She knows that through proper application of the necessary farm inputs to her rice farmland, she can further obtain greater yields and income and be able to educate her two children who currently go to school.
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.