Cheryl, 29 years old, is a married woman from Alcala. She is striving hard to gain a profitable business through farming and a catering services business. She is very determined and that is why her spouse supports her goals in life too. Cheryl usually gains about PHP 25,000 each harvest season, which is twice a year.
Cheryl aspires for better income that is why she is requesting a loan of PHP 50,000 to buy fertilizers and herbicides to use in farming. In addition, she will also pay for laborers and buy supplies used in her catering services business. As a responsible borrower, she will pay back her loan in full.
Cheryl hopes to obtain an abundant harvest every crop season so she can provide her family with a better way of living.
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.