Imelda is 47 years old and married and has three children. She and her spouse are farmers. They plant and harvest rice in a hectare rice field. Imelda wants to keep producing a good harvest but has insufficient funds for farm inputs to sustain her crops. She is now asking for additional capital of 25,000 PHP to buy fertilizers, pesticides and insecticides used in farming. These will help her maintain good crop production, leading to a profitable harvest.
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.