Cherry Ann got married at an early age, and now she has two children. She is married to a farmer, and they both plant and harvest rice to sell. They have been in the business for over five years. Upon harvest (twice a year), they earn about 20,000 PHP and use it wisely for the family's sustenance and revolving capital in the farming business. Cherry Ann also raises hogs as an additional source of income.
Now Cherry Ann is borrowing 32,000 PHP to buy fertilizers and insecticides to use in farming. She hopes to keep producing good harvests and will save revenue to nourish her hogs too.
In the future, Cherry Ann will attain success in life if she keeps on improving the harvest of the farm.
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.