Lolita is a proud farmer since it's her family's main source of income. She is married and has four children. At this time, she spends much on her three children, who currently go to school.
Lolita plans to purchase farm inputs such as insecticides, fertilizer and certified seeds. In addition, she will use some of the loan amount in paying for the labor cost of hired laborers who will prepare her farm plot. Due to insufficient funds, Lolita is requesting for a loan of PHP 30,000. She knows that this amount of loan will help her in improving the quality of her rice crops because she can provide proper care to her crops.
Lolita is looking forward for the success of her business and improvement of her financial stability.
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.