Agricultural farming is Clarivel's business. She's been in this business for almost 23 years. At the last cropping, she earned a net income of 30,000 PHP. Her profits were a great help for her family, spent primarily on their daily expenses and school allowances of their children. Due to insufficient funds she would like a loan of 35,000 PHP to pay for the land preparation of her farm. She's hoping that her requested loan will be granted so that she can improve her farming 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.