Rice farming is the primary activity for Anita for almost thirty-one years. She earned a net income of PHP 5,000 on the last cropping, and these profits helped them to improve their way of living. Due to insufficient funds, however, she would like a loan of PHP 25,000 to pay for the land preparation of her rice farm. She's hoping that her requested loan will be granted so that she can improve her business and earn more profit.
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.