Lydia is a responsible mother who has engaged in rice farming for almost 40 years. She is 62 years old and has seven adult-aged children. Despite being a widow, she still has the strong faith and determination to improve the living standards of her family.
She is asking for a loan of P 15,000 to buy seeds, fertilizers, and insecticides for her farm to improve her rice production. She believes that through patience and hard work, she can improve her production and increase her income to satisfy their basic needs and save for the future.
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.