Raquel and Ricardo own a one-hectare plot of land on which they plant and cultivate rice. They have been farming for over two years now and usually earn about 38,000 PHP twice a year. It is their only source of income.
Raquel would like to improve their farm so as to earn more from it. She would like to ensure that Ricardo and she have healthier rice crops but have insufficient funds now to do so. Therefore she is asking for a loan of 40,000 PHP to buy fertilizer, insecticides and pesticides.
Someday, with consistent effort, determination and patience, Raquel and Ricardo will achieve economic stability.
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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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Success!! The loan was 100% repaid