Encarnacion is 53 years old/ She is married and has children to sustain. She is married to a farmer who plants and harvests rice to sell. She also helps her husband in maintaining a good farming business. Encarnacion has insufficient funds to sustain her crops. She is asking for a loan P35,000 to buy pesticide and insecticide for use in farming. This will help ensure good nutrition to her rice crops. She promises to pay back her loan in full.
Continuous patience and hard work will lead to a successful farming business.
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.