Elsie is 28 years old and has three school-age children. She lives with her children in a rural community because she is separated from her husband due to misunderstanding and unavoidable circumstances. Despite this, she has the strong determination to give her children a better life through the help of her beloved parents. Farming is the main source of their living. They plant fruits and vegetables and raise livestock for sale.
Due to the high cost of commodities and school fees, she aimed to plant more vegetables to increase her production and income to satisfy her family's needs. She asks for additional capital of PHP 10,000 to buy fertilizers and pesticides and pay the labors cost incurred in planting vegetables. She believes that she can increase her production and income through her patience and hard work.
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.