Alma is 32 years old, married and has two children attending school. The couple's business is raising crops: primarily planting and harvesting rice to sell. They usually sell them to traders in their village. From the farming business, they earn about P10,000 twice a year, during harvest season. This goes towards their meals, allowances and other basic kitchen needs.
Alma is now asking for P15,000 to pay for laborers, buy fertilizers and insecticides for use in farming. She hopes to keep making the business profitable and give a better life for 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.