Mary Jane is a 25-year-old banana dealer in the village of Mabbayad, Echague. She is married to Erick, a rice farmer and they are blessed with two children. Mary Jane and her husband have been planting bananas for almost two years. Their banana vending business also assisted them in providing for their farming needs. They want to sustain their banana planting and vending so they can have a source of income while waiting for the harvest season for their rice. Mary Jane would like to borrow PHP 7,000 to purchase fertilizers to sustain their banana planting. She believes that this loan will be a great help in her enterprise and also for her to have a sustainable 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.