Mercedita is 56 years old, and married to Basilio. She and her husband work hand-in-hand, cultivating rice for their livelihood. She is from the village of Aurora, Alicia, and has been engaged in rice production for almost 10 years. She earned PHP 25,000 from her last crop.
She is again requesting a loan, in the amount of PHP 20,000. She will use the loan to purchase seeds and fertilizers for the maintenance of her rice production business. Through farming, Mercedita hopes to give her children a better education and quality of life.
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.