Eden is 58 years old and is married with one child. Eden and her husband are both farmers. They work hard to lift their child out of poverty. Eden and her husband would like to expand their rice plantation, but they do not have adequate capital. Therefore, Eden is asking for additional capital in the amount of 25,000 PHP to buy rice seed, fertilizers and insecticides, as well as pay labor costs required to plant rice. Eden believes that this loan will be an enormous help for them to increase their yield.
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.