Rice farming is the business of Lucila. She's been in this business for almost 15 years, and has earned a net income in last cropping amounting to PHP 15,000.
Due to insufficient capital, she would like to avail a loan from those generous lenders amounting to PHP 40,000 to purchase fertilizers, seedlings, and insecticides for her farm. She's hoping that her requested loan will be granted so that she can earn more profits to benefit 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.