Merlita, 55 years of age, is married and they are blessed with four children. Her husband works as an OFW at Saudi Arabia. She's been in the farming business for almost 30 years and earned a net income of 100,000 PHP in the last harvest.
The profit that she earned was spent on her hog raising business and retail store business, but then due to insufficient funds for her farming activity she decided to apply to the generous lenders for a loan amounting to 50,000 PHP to purchase farm necessities such as insecticides, fertilizer, and rice seedlings. She's hoping that her requested loan will be granted to make her business more profitable.
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.