To overcome the hardships of life, Rowena and her husband aimed to improve their rice farming business by increasing their yields and income in order to meet their family needs and educate their two children. They have been farming for more than 23 years and usually earn a profit of 24,000 PHP each harvest season. They use this profit to provide food, clothing and allowances for their children.
They planned to expand their rice plantation to increase their yields; but, due to insufficient capital, Rowena is asking for a loan of 32,000 PHP in order to buy fertilizer and pesticides and to pay the labor cost incurred in planting rice. She believes that through patience and hard work, they will make an improvement in their business and increase their yields this coming harvest season.
They hope that someday, they will become financially stable and that their children will have a bright 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.