Celia is a responsible mother who gives support to her husband in cultivating their farmland by planting vegetables and pineapples for sale. They aim to have a fruitful harvest to earn sufficient income to satisfy their necessities and continue sending their five children to college. In this regard, they planned to expand their vegetables and pineapple plantation to increase their yields but due to inadequate capital, Celia is asking for an additional P25,000 to be used in buying fertilizers and pesticides needed for the maintenance of their crops. They believe that this loan will enable them to expand their plantation and increase their production.
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.