Filomena, age 46, is a rice farmer. She and her husband Rodrigo plant and harvest rice and offer it for sale to traders. They have been engaged in this business for 15 years. They usually earn P21,000 for their yield during the month of May and November. The income is put to use for daily expenses and financing their children's studies. They have three children to educate.
Filomena has the drive and attitude to succeed despite poverty. She was not financially stable originally, but with the help of her family members, she has faced her challenges with strong determination. She is now requesting a loan of P12,000 in order to buy farm inputs, such as fertilizers and insecticides. Filomena is confident that this will help her achieve an abundant harvest and allow her to save for future emergencies.
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.