Teresa E. is 36 years old and dreams to have a progressive family life and a stable job for her children so that they will not experience life's difficulties in the future. She is married to Edwin, a farmer and their two children are: Lorgi – 21 years old, high school graduate and working as a factory worker and Rhea Mae – 11 years old, currently in elementary level.
Teresa has been exposed to farming since she was a child so when she got married to a farmer, it became easy for her to help her husband in managing their farm. Due to lack of capital, Teresa is requesting a loan of PHP18,000 which she can use this coming planting season. She hopes to have a good yield for their business to become profitable and for them to continuously afford to send their children to school.
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.