Lolita has been managing her rice farming business for 30 years. She is 51 years old and has two school-age children. Lolita’s husband is a security guard in one of the institutions in the Philippines. She wants to uplift their family living.
Lolita is asking for a loan of PHP 25,000 to pay for the labor cost in farming. She will also use the loan to buy fertilizers and herbicides for farming. She hopes that she can earn higher income with each crop to further sustain her children's needs in school. She is doing her best to see that her children become professionals someday.
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.