Mary Ann is 32 years old, has three children, and is married to Rodento, a farmer. They live in Iguig. To raise the family, the couple operates a farming business. They plant and harvest rice to sell to traders. Mary Ann also pays laborers who help them in farming activities such as plowing, sowing, planting, and harvesting rice. This has additional expenses for them aside from paying for school fees. So, Mary Ann is borrowing a loan of P15,000 to buy fertilizers and pay for labor costs in farming. She hopes that someday she will harvest good crops and gain more profit to pay for school fees and allot funds to use in times of emergency.
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.