Alma is 42 years old, married, and a farmer living in the Philippines. With her spouse, she raises rice crops, primarily planting and harvesting rice to sell. For an additional income, Alma also raises pigs and chickens in their backyard for future sales.
Alma has four children. She is untiringly involved in this business to generate an income to provide a good education for them. As of now, she has insufficient funds in her farming business so she is now asking for a loan of PHP 15,000 to buy fertilizers and rice seeds to grow.
Alma is hoping that this coming harvest season of April, her crop will produce abundantly to make her farming business more profitable and save for future expenses of the family.
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.